Thomas Peterffy boasts a decades-long career on Wall Street as a pioneer of stocks and options trading, but recently he has seen something that he’s never witnessed before on his trading platform.
His clients are net short the market. In other words, they are holding positions that collective imply that investors are wagering that stock values will fall eventually.
The market veteran says that this phenomenon has played out over the past several trading days on Interactive Brokers Group Inc. IBKR, -2.34% and he’s never quite seen anything like it before on his platform.
A2M Price at posting:
$11.44 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)