Hey, Ross here:
After dropping sharply last week, markets have shown some signs of recovery this week.
So it’s worth asking the question…
Could the bottom already be in?
Today’s chart presents some evidence.
Chart of the Day
This chart shows the 1-month call-put skew for the S&P 500.
The call-put skews shows how expensive the premiums on calls are versus puts (this is different from the ratio, which just shows the volume of calls relative to puts).
And right now, the call-put skew is the lowest we’ve seen since the COVID crash…
And the third-lowest dating back to 2007.
In other words, investors are happy to pay up to buy puts right now to help them protect against a market crash.
Most people would consider this bearish.
But as I’ve said many times before – markets bottom on bearishness.
It’s what happened during the tariff selloff last year, the yen-carry trade blowup in August of 2024, and all the way back to the Covid Crash of March 2020.
So this heavy call-put skew could be evidence that the bottom could already be in.
Is it guaranteed?
Well, as you know, nothing is guaranteed in the market.
The whole situation in the Middle East could blow up further and deepen the selloff.
But I like the odds. And that leads to a critical insight below.
Insight of the Day
The greater the fear, the greater the opportunity.
As another saying goes – when the time comes to buy, you won’t want to.
But that’s exactly what creates the opportunity.
Some of my biggest and best trades have come from buying during times of extreme fear.
And now, I see a similar setup once more.
There are stocks and sectors poised for a breakout – and that’s what I’m targeting.
And later this afternoon at 3 p.m. Eastern…
I’m going LIVE to show you how to track the “smart money footprints” into these breakout setups…
Using a strategy that could have led you to gains of 155% in 150 days…
212% in 165 days…
424% in less than six months…
And even 524% in 13 months.
This strategy session is free to attend, but spots are limited.
So click here to confirm your spot if you haven’t already…
And I’ll see you this afternoon at 3 p.m. ET sharp.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
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Ross Givens
Editor, Stock Surge Daily
