I don't profess to understand markets at all. All I can see...

I don't profess to understand markets at all. All I can see however is an enormous amount of Calls - v - Puts. As at 11 am today there were $18,465,666 Calls and $2,189,221 Puts. As at 3 pm there were $190,404,048 Calls and only $22,560,204 in Puts.

On the XJO there were 4259 calls and 4177 puts which is roughly even.

Someone in the "Calls" department must be expecting another big bull run or they are going to be extremely damaged.

Can someone tell me if I have misunderstood something here.

TIA