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I've been trying to follow true $ P/C ratio stuff for a short period... i don't like the idea of simply adding up High Low & Sellelment Price and dividing by 3... othere are too many days that involve somthing like a sudden sell off @ the end of the day, and this warps the true $ P/C ratio... i prefer to try to collect data through out the day on each option every hour or so, and using a basic program, collate the final $ put/call ratio.....
So far (only ~ 2 months work), it has shown very little joy... but i'll keep plugging away and if i find the GRAIL i'll be sure to advertise here :o)-
Mike.
p.s. there is a site that will do some of the mundane work for you i'll try and find it and post it here soon.....
p.s. actually i'll just pass it on to the group for zip.... howz that ?
-----Original Message-----
From: Frank 990 [SMTP:Frank990@xxxxxxx]
Sent: Saturday, 4 April 1998 01:08
To: omega-list@xxxxxxxxxx
Subject: The Dollar-Weighted Put/ Call Ratio
Received a few responses for this note: Summarized below.
Too soon to comment on it.
Frank Ashok
> I came across this term on the CBOE web site.
> "The Dollar-Weighted Put/ Call Ratio "
> Does any list member know what it references or how it is calculated.
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As a guess, for each call at the money or above do the following
sum(strike * volue)
and divide this by the similar summation for puts at the money or below.
Go out say, 30 OEX points on both sides of the at the money strike.
Then the next question, is should you give more or less emphasis for
strikes further out of the money? Some traders watch the ratio of
the far out of the money the money calls to the o-t-m puts, thinking
that gives a reading on where the speulators are hanging out.
Gary Funck, Intrepid Technology, gary@xxxxxxxxxxxx, (650) 964-8135
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Here is how the OEX dollar-weighted call/put figures are calculated: The
average
trade price of each distinct option (strike price and expiration date) is
multiplied by the volume traded in that option to yield the dollar-weighted
volume for that option (the average trade price is the sum of the high, low
and settlement price divided by 3). The dollar-weighted call figure is arrived
at by adding all of the individual
call figures and similarly for the puts.
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On a different note:
Tom & Jon are awarded the Oscars for a comedy situation.
You guys should be writers for Jay Leno .
Thomas T. Cathey
Chairman of the Board, Director of Hides and Flax Trading
INTER-Planetary International, Inc.
(Teen Idol and ex-Topless Dancer, too)
Dear Galatic Big Chief Currency Trader Monitor
Judging by your singature I Hope
you do More than just monitor us from what ever planet your from,<g> I was
praying that some more FX traders would comment regarding Forex data and
trading. I will forward the thread (11 messages) to you privately. I hope
you find something you can input on. I'll be monitoring you.
Welcome to the Omega List Jon
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