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To: Bill Harmond who wrote (4569)12/16/1997 5:40:00 PM
From: Don Westermeyer  Respond to of 27307
 
...Dec 55 Put/Call ratio of .18 is really bearish...

Nobody is buying puts because us bears have been cowed with the recent run-up. It is much easier to be a bear when the price is falling.



To: Bill Harmond who wrote (4569)12/16/1997 5:47:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 27307
 
Wow, this cable modem is really fast! I read this post before I hit the submit button! <G>

Barb!



To: Bill Harmond who wrote (4569)12/16/1997 5:51:00 PM
From: fut_trade  Read Replies (2) | Respond to of 27307
 
<<Dec 55 Put/Call ratio of .18 is really bearish, actually extremely bearish.>>

So is a high short interest -- but instead we're near the all-time high!
On Barb's comment, the p/c ratio for Dec 55's as of yesterday was 0.62.

<<Do you know whether open interest in the calls is expanding?>>

We'll find out tomorrow!

Peter


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