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In a message dated 7/8/99 11:36:43 PM Eastern Daylight Time, rrraff@xxxxxxxx
writes:
<< Hi RT's,
I'm curious if there has been any unusual changes in the P/C ratio or open
interest after the fed meeting? And if so, how will it effect option
expiration week?
>>
Ray,
Months ago there was someone here that talked about the OEX put/call ratio
alone. Don't remember all the rules, but in general, when the end of day OEX
put/call ratio (http://www.cboe.com/tools/statistics/summeriz.asp) was
greater than 1.5 a move up was indicated. Below 1 was bearish. Again, there
were additional rules I've forgotten, but in general it is very good. I
certainly check it nightly. Things gets somewhat "out of whack" near
expiration, but it is worth the time to follow this indicator.
Peter
http://www4.golden.net/laird/Comment.htm
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