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My opinion is that over time the p/c ratio has become almost
totally irrelevant, except at extremes. Extremes are numbers
like 1 in equities. My comment related to the fact that the
extraordinary volume was not accompanied by anything other than
ordinary p/c ratios. The reason I believe it is much less
relevant today than in the past is that in the past the lion's
share of option trading was directional retail whereas today
about 70% of total volume is really non directional hedge
trading.
L. STANFORD LEE wrote:
> >
> >Put/Call ratios, which I'm a believer really are no longer a
> >credible indicator, are also fairly ordinary.
> >
> Sir
> I do not understand your statement.
> You believe it, but you think it is not useful?
> Are you slapping your own face or what?
> How many other junks that you also believe in?
> please enlighten me
> Thanks.
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