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To: The Freep who wrote (50447)8/16/2002 4:07:18 PM
From: patron_anejo_por_favor  Respond to of 209892
 
<<Equity only put call ended at .384. Total put call at .5. Is it meaningless cuz it's expiry?>>

I don't think it's totally meaningless, but a LOT less significant than if the reading was outside of a couple of days before or after expiry, IMO....



To: The Freep who wrote (50447)8/16/2002 4:08:35 PM
From: Paul Shread  Read Replies (4) | Respond to of 209892
 
>>Equity only put call ended at .384. Total put call at .5. Is it meaningless cuz it's expiry?<<

I think you have to go back to that list and look for back to back glue bong readings. Any besides for late January?

Second, if today is meaningless, then so were bullish readings on September 21 and July 19. I don't buy the expiry is meaningless argument.



To: The Freep who wrote (50447)8/16/2002 4:34:33 PM
From: Paul Shread  Read Replies (2) | Respond to of 209892
 
The only comparable equity PC readings I can find in the last two years are January 23-24, 2002; April 18-20, 2001; and August 24-31, 2000 (was looking for one sub-.40 close and a second close just above .40). Edit - going back a bit further, there were some in July and early August 2000 too.

maoxian.com



To: The Freep who wrote (50447)8/16/2002 4:56:48 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
I think they covered more than just a "little" on the NDX. Less short by 26K on the mini (about 5200 big contract equivalents) I believe. Plus the nearly 1K on the large contract.

The small specs are short the e-mini and that's a major warning sign to bears IMO.