SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JohnG who wrote (45026)10/16/1999 8:45:00 AM
From: Cooters  Read Replies (2) of 152472
 
<<What ranges are normal and what ranges have what significance.>>

JohnG,

The basic idea behind the put/call ratio is options traders are the most speculative, so large shifts either way can be used as contrary indicators. It is a very accurate indicator. I have not followed it for many years. Based on eye-balling the put/call volume in the WSJ every day, I would say normal is a much smaller number than before, meaning call volume outnumbers put volume(on average) by a larger ratio than I used to see.
Regardless, it never seems to exceed 1.00 any more, meaning put volume exceeds call volume and indicating options traders are very bearish. It looks like this finally happened yesterday, and would indicate to me we are at, or close to, the end of this down move.
Cooters
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext