The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

StocksUpdated×2•Originally published 15 April 2026•Updated 17 April 2026•

1 min read

Record Tech Put Buying Signals Potential Rally for Big Tech Stocks

Key Facts

1Directional put buying in 661 technology stocks recently surged to all-time highs.

2High levels of short selling and put buying are viewed as contrarian indicators that historically precede major market rallies.

Wednesday's trading session witnessed a short-covering rally as technology stocks rebounded from record-high put buying levels. This recovery was significantly bolstered by a geopolitical breakthrough, as the U.S. and Iran agreed to a two-week ceasefire, easing global tensions. New data highlights that buying ratios in 2X and 3X ProShares short (inverse) funds compared to long funds have reached historically high levels. Specifically, the 2X short-to-long buying ratio reached approximately 1.4, a level that has historically marked market bottoms over the past 15 years. The market shift comes as investors gear up for the upcoming earnings season, providing a fundamental backdrop for major ETFs like QQQ to extend gains. However, analysts remain cautious, warning that the sustainability of the rally hinges on continued fundamental support and geopolitical stability.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Added new quantitative data regarding ProShares inverse ETF buying ratios reaching 15-year historical extremes, indicating a potential market bottom.

Version 1about 2 months ago

What changed: The story was updated to include new fundamental catalysts, including the U.S.-Iran ceasefire and the onset of a short-covering rally ahead of earnings season.