Options sentiment is mixed-to-bearish short term. Open interest put/call is low (0.18), implying more call positioning outstanding overall, but today’s flow is extremely put-heavy (put/call volume ratio ~215) with a sharp volume surge (today vs 30-day avg volume ~41x). Implied volatility is very high (30D IV ~95.65 vs HV ~59.8), suggesting the market is pricing large moves and uncertainty; IV percentile ~69 indicates relatively elevated IV versus its own history.
Net takeaway: traders are paying up for protection/speculation, which is not a clean “confidence” signal for an immediate long-term entry.
