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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Benkea who wrote (23574)8/22/1999 12:52:00 PM
From: stockycd  Read Replies (1) of 99985
 
Thread,

I've been sitting here studying and pondering over some interesting put/call data and here is what struck my attention (BTW, I don't track this data regularly until recently so my observations may be a bit basic)...

As of last Thursday:
-put/call ratio for everything was about 0.67
-put/call ratio for S&P 100 (OEX) leaps was about 17.5
-put/call ratio for S&P 500 index opts was about 1.4
-put/call ratio for the Dow was about 2.4

Can anyone comment on this data. It seems there is quite a divergence. The index options look to be biased to the bearish side while the equities favor the bullish side. I am aware of the fact that index puts usually outnumber index calls but the OEX leap information really has me puzzled. Does anyone that tracks these statistics on a daily basis perform any analysis that may be useful in explaining any of the above? Your thoughts would be appreciated.

Chris
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