I’ve learned through the years that trading against sentiment can be pretty profitable. When EVERYONE is super bearish, sometimes market makers are forced to purchase the underlying as a form of risk management against a large influx of puts being purchased, which can drive up prices. And then anyone that’s short get squeezed and is forced to buy back the underlying, further driving up prices. Additionally, most of the time all things considered are already priced in. Markets are a forward looking machine, generally looking 6-9 months into the future. GLHF