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.
动量清扫者再次轰炸大型科技股，8月出现一轮不错的买入$Anaplan Inc.(PLAN.US)$.
整体的短期情绪是相当炒作的，因为它应该会在过去几天的指数中脱离上涨的趋势。
即使整体人气高涨，仍有足够多的落后者资金可以很容易地轮流进入。大型科技公司和一汽集团现在正盛行，就像火、能源一样让他们喘不过气来。
这通常是更多关注个人名字的最佳时机，而不是担心指数，但在这种环境下，名字要难得多。抛售标准普尔500指数的跌跌走势仍然是最顺利的交易。
Institutional Hedgers net position in index futures vs SPY source: sentimentrader
机构套期保值者在指数期货与标普500ETF的净头寸来源：SentimenTrader
Instituional Hedgers cutting VIX exposure source: sentimentrader
机构套期保值者削减VIX敞口来源：SentimenTrader
Institutional hedgers uncharacteristically putting on long exposure and trimming $CBOE Volatility S&P 500 Index(.VIX.US)$ exposure off a minor pullback.
机构套期保值者不同寻常地进行多头敞口和削减$芝加哥期权交易所波动率标准普尔500指数(.VIX.US)$小幅回调带来的风险敞口。
Gamma Exposure vs SPY source: sentimentrader
伽马暴露VS标普500ETF来源：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.
伽马辐射持续上升，但在我们达到“终极粘性”之前仍有很大的空间。
尽管看涨和乐观，球员已经完全击中了做空波动率指数的休息时间，仍然没有太多的SPX卖权被发现越位。
Notable bettings toward broader market indices ETF on 4/5
值得注意的对大盘指数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.
周一的期权成交量为3440万份，较近期平均水平低11%，看跌期权的成交量为9比5，指数和单一股票产品的成交量相对较大，而ETF的成交量不大。
Individuals breakdown by sectors (4/5 notable bets)
按行业细分的个人(4/5值得注意的赌注)
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 $Applied Materials Inc(AMAT.US)$.
最活跃的板块包括基础材料、技术和公用事业，医疗保健和工业板块相对清淡。在3896只有期权上市的股票中，2396只(61%)收盘走高，1405只(36%)下跌。在流动性最强的500只单一股票中，30天隐含波动率较高的有341只，较低的有115只。观察到异常的期权总成交量$微软(微软美国)$, $Gap Inc.(GPS.US)$, $Cameco Corp(CCJ.US)$, $Alphabet-CL A(谷歌)$和$应用材料(AMAT.US)$.
Tech
高科技
Industrial
工业
Consumer Cyclical
消费周期
Financial
金融
Communication Services
通信服务
Healthcare
医疗保健
Energy
能量
Real Estate
房地产
Basic materials
基础材料
Consumer Defensive
消费者防御性
