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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (10548)2/17/2002 3:11:48 PM
From: Dexter Lives On  Read Replies (3) | Respond to 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



To: Steve Lee who wrote (10548)2/18/2002 11:25:49 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Also, ignore the index PC ratio, just go by the equity options.

Steve, what do you make of Fridays action where the 'Equity only' puts exceeded the calls...???

Best regards, J.T.