While the SPX was ripping higher, there was some sneaky activity going on at CBOE in the past couple weeks. I’m just speculating here & I could be totally wrong but why do I get a sneaky feeling that SPX is getting propped up only to get indirectly shorted via leveraged VIX which is trading at shockingly low levels of 12-13 ! Volume has died off on SPX with many funds in cash waiting for all of this to be over. Makes it almost very easy to artificially prop the SPX up. Food for thought.

Here are some interesting snapshots of numbers while many were led to celebrate a strong day in the market.

VIX P/C ratio of 0.266. 433K calls vs only 115K put activity.
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VIX trades for today.
Big June OTM Call buyers across the board today. Biggest buyer bought 10K June $18 C at $0.64. Tons of buyer flocking to pay up the premium. Talks about the confidence levels in this market. Even May with only 10 days left with expiration has some interesting vix buyers & put sellers betting on a spike.

Watch OptionMonster Summary Video here —> http://bit.ly/1j53lcU

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SPX had a similar tone. P/C ratio of 1.6. As mentioned on twitter yesterday, many Put buyers have been loading up on SPY puts this week.

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DISCLAIMER: The above is my opinion intended for informational purpose only and should not be used as professional financial advice. The above is not a recommendation to buy, sell, or short stocks or options. By reading the above text, you agree that any trades or investments you make are solely your responsibility. I cannot assure you that the above information is accurate. Trading stocks or options can be risky. Any profits, losses, or break even are solely your responsibility. Please consult a certified professional before buying or selling any such stocks or options.

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