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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (97210)7/22/2002 5:30:41 PM
From: Steve Lee  Read Replies (1) of 99280
 
"You could say that all the calls that expired worthless were rewritten today (g)."

That is a factor in the high volume. But all the puts that expired ITM were also in need of being rewritten. So today we had a "clean slate" for short term options and the p/c ratio is a true picture of the sentiment of those opening new positions.
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