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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (4603)11/10/2001 8:51:06 AM
From: ajtj99  Respond to of 99280
 
Wow, the 9:30AM volume was pretty poor also on the Put/Calls, so you can't read too much into that number also.

I think it would be safe to say the ratio is around 0.75-0.80 right now based upon yesterday's activity.

We are at a level in the markets right now where there is still some uncertainty about the market direction, especially with the pro's, IMO. I think we're seeing more and more pro's hedging right now at the apex of this move in order to protect themselves from a surprise, BWDIK.

It is a lot easier to buy without a hedge at a bottom. It is a bit more difficult to be without one when you are at an intermediate level with a chance of being wrong and losing any hard-earned long profits.



To: ajtj99 who wrote (4603)11/10/2001 9:54:01 AM
From: Steve Lee  Read Replies (1) | Respond to of 99280
 
The 9am P/C figure is not pre-market. It is not using Eastern Time.