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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (6598)	5/15/2008 3:10:44 PM
From: rcksinc	Respond to of 41452

ski Been busy today but I wanted to post this yesterday but didn't get around to it. This being expiration week we usually get some pretty good volatility. The lack of real big price swings IMO means we sit in an area where they are comfortable with the balance of Puts and Calls expiring. ON the Big Contracts the spx 500, The Puts to calls in OI stays near 2 to 1 Puts and the actual ratio has been stable for a couple months now is 1.75 to 1. Starting this week the ratio has grown steadily more bullish. Monday was 1.59 to 1 Tues 1.30 to 1 Wed. 1.17 to 1 and today 1.18 to 1 Add this to COT data which has had the Commercials on the bullish side since the March lows. I think there is a pretty good chance we are gonna clear this overhead Resistance and run to 1440-1450 in just a couple days.