Jay Shartsis is saying the 21 day put/call ratio is higher
than at the Low in 1998, which is very interesting.
1/09/01 12:19 PM ET
Examining the put/call ratios for the overall market, I see the 21-day equity put/call for the overall market is near 66. To put this into perspective, this figure only went to about 63 at the big 1998 October Long-term Capital bottom, so there is more put buying now. This indicator must be rated bullish.
Jay Shartsis
Shartsis is director of option trading for R.F. Lafferty where he has authored his market letter Shartsis on Charts since 1979. Shartsis began his Wall Street career as a broker with E.F. Hutton in 1975. He moved to Lafferty two years later. In addition to appearing in numerous financial publications, Shartsis has written the options column, "The Striking Price," numerous times in Barron's.
A Brooklyn, New York native, Shartsis is a graduate of Brooklyn College. Outside of derivatives trading, his passions include Formula One racing, horse racing, water skiing, chess and Mexican food. |
