Options Montage: There are still laggards where money easily can rotate into
Options Montage: There are still laggards where money easily can rotate into
By Eli, Mia
作者：Eli，Mia
Momentum sweepers bomb big tech again, a nice round of August buying in $Anaplan Inc(PLAN.US)$.
The overall short-term sentiment is pretty cooked, as it should be off the move higher in the indices the past couple of days.
Even with overall sentiment heated, there are still enough laggards out there where money easily can rotate into. Big tech and FAANG now in vogue as fire, energy catch their breath.
This is usually the perfect time to pay more attention to individual names and not be concerned about the indices but names a lot more difficult in this climate. Playing the S&P 500 off dips/fades remains the smoothest trade.
動量清掃者再次轟炸大型科技股，8月出現一輪不錯的買入$Anaplan Inc.(PLAN.US)$.
整體的短期情緒是相當炒作的，因為它應該會在過去幾天的指數中脱離上漲的趨勢。
即使整體人氣高漲，仍有足夠多的落後者資金可以很容易地輪流進入。大型科技公司和一汽集團現在正盛行，就像火、能源一樣讓他們喘不過氣來。
這通常是更多關注個人名字的最佳時機，而不是擔心指數，但在這種環境下，名字要難得多。拋售標準普爾500指數的跌跌走勢仍然是最順利的交易。
Institutional Hedgers net position in index futures vs SPY source: sentimentrader
機構套期保值者在指數期貨與標普500ETF的淨頭寸來源：SentimenTrader
Instituional Hedgers cutting VIX exposure source: sentimentrader
機構套期保值者削減VIX敞口來源：SentimenTrader
Institutional hedgers uncharacteristically putting on long exposure and trimming $CBOE Volatility S&P 500 Index(.VIX.US)$ exposure off a minor pullback.
機構套期保值者不同尋常地進行多頭敞口和削減$芝加哥期權交易所波動率標準普爾500指數(.VIX.US)$小幅回調帶來的風險敞口。
Gamma Exposure vs SPY source: sentimentrader
伽馬暴露VS標普500ETF來源：SentimenTrader
Gamma Exposure continues to rise but still has a lot of room before we reach "ultimate stickiness".
As bullish & exuberant as it may seem out there, players have completely hit the breaks on shorting the VIX and there's still not much SPX put selling to get caught offsides.
伽馬輻射持續上升，但在我們達到“終極粘性”之前仍有很大的空間。
儘管看漲和樂觀，球員已經完全擊中了做空波動率指數的休息時間，仍然沒有太多的SPX賣權被發現越位。
Notable bettings toward broader market indices ETF on 4/5
值得注意的對大盤指數ETF的押注4/5
Monday's option volume of 34.4m contracts was 11% below recent average levels, with calls leading puts 9 to 5.Index and Single stock products saw relatively heavy volume, while ETF flow was moderate.
週一的期權成交量為3440萬份，較近期平均水平低11%，看跌期權的成交量為9比5，指數和單一股票產品的成交量相對較大，而ETF的成交量不大。
Individuals breakdown by sectors (4/5 notable bets)
按行業細分的個人(4/5值得注意的賭注)
Mostactive sectors included Basic Materials, Technology and Utilities, while Health Care and Industrials were relatively light.Of the 3896 stocks with listed options, 2396 (61%) closed higher, and 1405 (36)% lower. Among the 500 most liquid single stocks, 30day implied volatility was higher for 341 and lower for 115. Unusual total option volume was observed in $Microsoft Corp(MSFT.US)$, $Gap Inc(GPS.US)$, $Cameco Corp(CCJ.US)$, $Alphabet Inc-CL A(GOOGL.US)$ and $Applied Materials Inc(AMAT.US)$.
最活躍的板塊包括基礎材料、技術和公用事業，醫療保健和工業板塊相對清淡。在3896只有期權上市的股票中，2396只(61%)收盤走高，1405只(36%)下跌。在流動性最強的500只單一股票中，30天隱含波動率較高的有341只，較低的有115只。觀察到異常的期權總成交量$微軟(微軟美國)$, $Gap Inc.(GPS.US)$, $Cameco Corp(CCJ.US)$, $Alphabet-CL A(谷歌)$和$應用材料(AMAT.US)$.
Tech
高科技
Industrial
工業
Consumer Cyclical
消費週期
Financial
金融
Communication Services
通信服務
Healthcare
醫療保健
Energy
能量
Real Estate
房地產
Basic materials
基礎材料
Consumer Defensive
消費者防禦性
