TradesViz
Put‑to‑call ratios surged into Jan 16, led by outsized premium increases across multiple sectors. $DUOL topped the list with an extraordinary 13,637% spike, followed by $OCUL and $KEY, each up over 1,000%. $IBB and $AZO also posted four‑digit percentage gains, underscoring a pronounced shift toward defensive positioning. $PDD’s chart confirmed building pressure, as sustained put activity aligned with a deteriorating price trend through mid‑January. The pattern shows accelerating demand for downside exposure even as spot held near support. The flow points to a two‑day expansion in hedging intensity. When premium skew rises this sharply, it typically reflects institutional caution rather than short‑term noise.