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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (178284)7/10/2002 12:48:45 AM
From: mishedlo   of 436258
 
What a clown. Put call ratios are meaningless.
The problem is options can be opened, closed, be for next month etc all of which is meaningless compared to the true picture of current month open interest.

Calls outnumber puts at QQQ 26 27 28 29 30 31 32 33 34 35 36 (by huge amounts) regardless of any nonsense that says PC ratio is high. Perhaps bears were taking profits. Buying and closing puts same day affects the ratio but not max pain (which for the second month in a row is dropping like a rock cause of all the call buying)

M
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