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bobrabcd@xxxxxxxxxxx wrote:
>
> Has anyone done any research or is aware of any research on separating out
> up and down volume from total volume when calculating put/call ratios. A
> quick glance seems to show that using total volume results in a grossly
> misleading indicator and results in the imprecise timing value of the
> ratio. Using up and down dollar volume appears to also lend directional
> bias.
>
> BobR
Bob,
None of these raw option numbers based on volume mean much if not
measured relative to open interest.
Openingly and Interestingly,
Norman
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