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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (51234)1/24/2006 11:26:02 PM
From: ild  Respond to of 110194
 
The equity put/call ratio as reported by the Chicago Board Options Exchange closed at a remarkable 0.38, one of the lowest readings in years. That typically would be a sign of excessive speculation on the part of traders, and potentially bearish for the market in general, but on further examination we see that drug company IVAX accounted for a whopping 38% of all call volume. Without that company's options, the put/call ratio would have been a much more normal 0.61, so I don't think anything should be read into Tuesday's low reading.

sentimentrader.com



To: Jack of All Trades who wrote (51234)1/25/2006 1:09:26 AM
From: ild  Read Replies (1) | Respond to of 110194
 
I checked myself.
IVAX traded 133,766 calls on CBOT on 1/24. Altogether CBOT traded 1,727,564 calls on equity and IVAX calls are just 7.74%. So the reading is correct. Why low such reading? I don't know. Prof Succo on minyanville.com said that option premiums today were lower than before Friday.


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