Option Buyer Sentiment Signals

Option buyer sentiment signals lower prices to come as traders are speculating the S&P 500 Index will fall as much as 3 percent. Wagers that the COBE VIX Index will jump 46 percent to 32.5 were the most-active contract, data compiled by Bloomberg data. A surge to that level may herald a decline to about 1082 for the S&P 500 over the next two months or so.

Above is the most update option buyer sentiment index as of now. It clearly shows how bullish (i.e. foolish) people are right now trading.