PUT/CALL ratios for april 27
CBOE total: 0,46
individual equities: 0,33
OEX: 1,90
VIX: 24,19
PVI(CBOE):0,72
PVI(OEX):0,56
ind.equ. call vol.: 537,122(+21,763) put vol.:177,132(+599)
OEX call vol.: 19,340(+8,875) put vol.: 36,553(+14,930)
OEX open interest: calls: 139,181 puts: 196,315
the dichotomy that has been with us for some time now remains in force. while the public is loading up on calls on individual issues, there is at the same time frantic demand for OEX puts. the 10-day MA of the OEX ratio now sits at a new record of 1,91. though difficult to interpret, it probably means that the market as a whole will remain in a relatively tight range in the near term. the bearish CBOE total ratio suggests that at least a minor short term top has formed or will be forming soon. as mentioned before, this environment favors option writers over option buyers.
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