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by Tyler Durden
Sunday, May 09, 2021 - 04:13 PM
A little over a month ago, at the end of March, we first pointed out something troubling for the bulls: after leading the market in terms of both sentiment and volume, retail participation had collapsed. This was most obvious when looking at OCC option data, where SpotGamma noted a sense of decay or attrition happening on the call side.
Bloomberg also picked up on this, warning of call fatigue as call option volumes - the preferred investment instrument of millions of GenZ and Millennial traders - had fallen off a cliff.
Now, it s JPMorgan s turn to report what our readers knew almost two months ago, namely that the latest data reveals that US retail investors share in