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To: ild who wrote (98270)5/30/2004 10:53:46 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
That's an interesting observation. When I trade options I find that most orders get routed to exchanges other than the CBOE.

FWIW my P/C numbers come from data gathered by all exchanges. I only use the equity P/C ratio and the numbers are still pretty high recently, but your point is valid as they didn't get as extreme a couple of weeks back as was being reported in the media and around these parts.