A high put/call ratio indicates a pervasive bearish attitude by sophisticated investors, so it is a bearish indicator.

Name: A high put/call ratio indicates a pervasive bearish attitude by sophisticated investors, so it is a bearish indicator.
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A high put/call ratio is often interpreted as a contrarian indicator, suggesting that there is a pervasive bearish sentiment among investors, which could indicate that the market may soon move in the opposite direction (bullish).

A High Put/call Ratio Indicates a Pervasive Bearish Attitude by Sophisticated