PureBytes Links
Trading Reference Links
|
In a message dated 3/29/00 7:03:30 PM Pacific Standard Time,
bobrabcd@xxxxxxxxxxxxx writes:
<< Anyone have an opinion on dollar weighted call to put ratios? Lately,
according to MarketClues, folks have been spending over $2.45 per call for
each dollar of put. Demark and son have a chapter on it in their book,
"Demark on DayTrading Options". This gives quite a different view than
unweighted ratios. Just wondering if anyone has done any comparisons of the
two for significance in timing.
BR >>
Hi Bob,...This is Jim Pilliod in Connecticut. I too am a subscriber and
daily
reader of Bob Carver's Market Clues service. Find his work to be well
grounded but often differ with him on the interpretation of the Put/Call
ratio.
I do not know how he calculates his Dollar Weighted P/C ratio,...but I view
it as
secondary to the CBOE Unweighted, regular P/C ratio. Just because I have
been tracking the CBOE daily ratio for a longer time I guess. DO you have
this link
for Bob's intraday dollar weighted P/C ratio.
<A HREF="http://198.78.148.10/cgi-bin/show_oexdwcpr?hist=yes">Market Clues'
OEX $-Weighted Call-Put Ratio</A>
or... http://198.78.148.10/cgi-bin/show_oexdwcpr?hist=yes
See how the thing jumps all over the place from hour to hour...makes me sort
of wonder. I will write more about this later,..busy with other stuff right
now. Sorry this reply is rough and not well developed thought wise, rushed.
Regards, JIM Pilliod
|