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To: Paul Shread who wrote (65307)2/4/2003 2:21:29 PM
From: Mr. Aloha  Read Replies (1) | Respond to of 209892
 
I'm not sure what's the best way to count it now that it looks like the trades are split between different exchanges, and not entirely on the CBOE. You could exclude all the 2005's to arrive at your result, but that's not entirely accurate -- however, I think it's close enough to be a decent gauge of sentiment...

Bottom line is the headline put/call ratio #'s from yesterday, and apparently today, are skewed by these large hedged trades...