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BobRABCDEF@xxxxxxx wrote:
>
> The CBOE put trin has just taken a dive. Maybe the rally is running out of steam.
>
> BobR
Bob,
What is unique about today was that the put and call volume was pretty
high. What is also unique in the last 207 market days there have been
32 occurances of p/c ratio of .89 or less for the OEX Options
The average OEX split adjusted rise the next day is about 9.2148 points.
What is stunning in this particular slice of P/C is that if it closes up
from the previous day it is more than likely to continue to rally, If it
closes negative then it is likely to start to decline in the context of
4 days..
of the 31 occurances of such P/C ratios of < .89, 19 days closed up vs
12 that closed down.
09 occurances of p/c ratio of .95 or less for the entire put/call volume
Of these 9 occurance of such a pc ratio all resulted in an average rally
of 9.2133 points from the close to the next days high.
Gentlemen and Gentlewomen... Place your bets....
Don Thompson
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