PUT/CALL ratios for april 20
CBOE total: 0,54
individual equities: 0,42
OEX: 1,53
VIX: 26,93
ind. equities call vol.: 500,002(-210,914) put vol.:208,871(-46,936)
OEX call vol.: 24,128(-2,630) put vol.: 36,808(-27,415)
call speculation in individual issues has abated markedly. this is astonishing as yesterday was 'rebound day' and suggests that the 'dead cat bounce'-theory is widely believed. the OEX ratio, while having declined from it's most recent extremes, is still firmly in bullish territory. the decline in the VIX reflects the cessation of the acute panic-buying in puts of late. as long as the VIX declines gently, the decline can also be interpreted as bullish as it shows a slow unwinding of fear which should lead to more confidence on the part of potential buyers.
all in all an encouraging picture for the bulls, short-term.
hb |
