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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (10548)2/17/2002 3:11:48 PM
From: Dexter Lives On  Read Replies (3) of 19219
 
But haven't P/C's been persisting at high levels? It's been around 1 (on average) for at least a couple of weeks. That's a big book. I'm not building this theory around 1-2 days of data - this entire downswing has been marked by lower highs in VIX and increasing and persisting P/C ratios.

The index interest table at the bottom of this page suggests this - you got better data?

CBOE Index Interest on 2/15/2002
Option Call Put Total
...
SPX 834850 1069167 1904017
...
cboe.com

How can I ignore index PC if I'm trying to figure out VIX's direction? Are you saying VIX is manipulated? That's a different issue. I surely can't assess VIX by looking at Equity P/C.

Rob
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