This article summarizes the latest large order changes in the option market for you.

By monitoring these market data, investors can use this often neglected information and formulate investment strategies.

First of all, here is the conclusion of a JPMorgan Chase & Co quantitative team on the trend of balanced allocation of market mutual funds at the end of the year:

In the short term, we think the market is vulnerable because with the end of the year approaching, 7 trillion mutual funds need to sell nearly 160 billion of global equity assets to restore balance in order to meet the 60:40 allocation requirements (need to complete the repositioning demand by the end of November or the end of December). At the same time, the current high stagflation in the market may continue until the end of December, which will create an additional 150 billion demand for equity asset shipments for market pension funds to achieve quarterly asset balance.

Then there is a rough outlook and judgment of the US stock market at the end of the year:

Since the beginning of this week, the United States has entered the atmosphere of Thanksgiving. In general, the market becomes deserted. It is difficult for large-market meetings and large-cap stocks to fluctuate abnormally. Judging from the volatility of our market expectations, this weekS & P 500 ETF-SPDR (SPY.US) $The expected volatility is at 363.09 on the upper edge and 347.33 on the lower edge. Overall, the whole volatility is no more than two points up.

Then it must be the vaccine approval of the FDA of the United States that can really influence the expected fluctuation of the market in the future. Last week, we saw a lot ofS & P 500 ETF-SPDR (SPY.US) $CALL enters, aiming to expire in two weeks. Assuming that the data results are really in line with market expectations and may move to a higher position after the breakthrough, then in shape, it is a large W bottom with a high triangle breakthrough. Then it will eventually break through a three-year top shape.

What should be noted here is thatFirst, there is no breakthrough in the triangle, that is, there is no breakthrough, and it can still be changed. Second, in a larger time frame, we may still have a big backstep in anticipation, perhaps before March next year.

This picture is the Smart Money can also be understood as the institutional capital confidence index and the corresponding S & P 500 index trend, generally opposed to market sentiment of funds, the performance of Buffett's other people fear that I am greedy, others greedy I fear. Generally, such funds are plummeted into the market to make a bottom, and then sell at a high level. From this picture, we can see that its confidence index has reached an all-time low.If the capital flow starts to suck up, it means that there will be a pullback in the near future.. But be careful! There is also a delay in this indicator.

The picture above shows the position trend of hedge funds for index futures products, known as SHARP HEDGERS COMBINED NET POSITION IN INDEX FUTURES in English. Because it is a counter-referential indicator, generally speaking, when an indicatorIf you exceed the green target, you need to pay attention to the callback, and the red line is ready to make a bottom.. Judging from this indicator, the market can still rise and fall. Because it is not enough to limit, it can also be understood that some people will ship goods when the market goes up, and some people will increase their positions when they fall.

In the end, someone in the market did hedging for the past two weeks, and some small orders were bought.IPATH S & P 500 VIX short-term futures ETN (VXX.US) $Exercise price of $18 (within the price) on December 4th. Within a priceIPATH S & P 500 VIX short-term futures ETN (VXX.US) $CALL, relative to the bullish SPY CALL, is relatively conservative.

Changes in ETF options in the market on November 20th

Trading volume in the options market reached 36.1 million contracts on Friday, 16 per cent higher than the recent average, with subscriptions slightly higher than the sell volume (5:3). Trading volume of ETF products and individual stocks is relatively high, while futures index products are relatively moderate.

Changes in individual stock options in various sectors on November 20

The most active sectors include public utilities, health care and consumption, while communications and financial sectors are relatively calm.

Of the 3634 stocks with only listed options, 1630 (45 per cent) closed up and 1783 (49 per cent) closed lower. Among the 500 stocks with the highest liquidity, 141 have higher implied volatility and 323 have lower implied volatility on the 30th.

Science and technology stock

Industrial stock

Cyclical consumer stock

Financial stocks

Communications Unit

Medical and Health Unit

Energy stocks

Real estate stock

Building Materials Unit

Defensive consumer stock

Public utilities unit