Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 323.62

+6.4%

2:08 PM EST

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To: Gottfried who wrote (43672)	3/14/2001 12:00:47 AM
From: brunn	Read Replies (2) of 70976

That may be the highest Put/Call since the bottom in October 8, 1998 when it reached 1.27: cboe.com. Interesting that the Put/Call peaked today. It would have been more appropriate for it to peak on a day of capitulation like yesterday not on a recovery day like today. A CNBC analyst early in the day actually mentioned this as a negative. I guess he meant that it is negative to have such pessimism on what appeared to be a positive day--a sign that the buying lacked conviction. Perhaps its value as a contrary indicator is most worthwhile when people are buying puts on a bad day than a good day. October 8 on the other hand was a classic capitulation day.

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