Dax closes above the 13,000 point mark – private investors are preparing for a price slide in November

Dusseldorf The leading German index is holding its own above the psychologically important mark of 13,000 points. By the end of trading, the Dax had risen by 1.1 percent to 13,195 points. The stock market barometer had already closed 0.9 percent higher on Tuesday.

The Dax has risen by more than 1200 points, or more than ten percent, in the past four weeks. But now at least private investors are preparing for a possible price slide in the stock market month of November.

This can be seen from the Euwax sentiment of the Stuttgart Stock Exchange. This indicator shows the proportion of put and call leverage products on the Dax in the portfolios. With these products, investors can bet on falling (puts) or rising (calls) prices. Negative values ​​in the put-call ratio indicate more put than call derivatives and vice versa.

This value has fallen from zero to minus eight in the past few days. Private investors are therefore either increasingly speculating on falling prices or protecting themselves against future price losses.