On January 22, 2026 the CBOE Options Equity Put/Call Ratio Index 2 day moving average provided an early warning for a potential market decline. A similar event occurred on January 6, 2025. A second signal occurred on January 21, 2025. This was followed by an S&P500 decline that ended during the week of April 7, 2025. During this decline, Market Maker’s moved in to accumulate inventory for another move to higher levels. This was during the April 2025 lows when extremely large seven figure block trades crossed the tape in big tech stocks such as AAPL, CSCO, MSFT, and NVDA. Recently, between October 2025 and January 2026, similar large trades occurred as Market Maker’s distributed their inventory to bullish investment managers, hedge funds, pension funds, etc.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
