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Yes, I have the MarketClues links as I am on a trial with it. BMI used to
have some $ stats on options until they started deleting data from their
feed because of bandwidth problems. DTN still has some of the stats but I
haven't evaluated them since I don't have that feed yet. One stat I did
find useful until BMI droped it was the CBOE TRIN. That was quite dramatic,
perhaps too dramatic. Demark and son calculate the dollar weighted P/C
ratio as Market Sentiment = (PutVol X Put Market Price)/(CallVol X Call
Market Price). They do it intraday and end of day as does Market Clues.
Demarks go even further and calculate a Dollar-Weighted Put/Call Ratio as a
percent of open interest. ref: pgs 100 103 of "Demark on Day Trading
Options".
Dollar -weighted Put Ratio as % of OI = (PutVol/Put OI) X Put Market Price
Dollar - weighted Call Ratio as % of OI = (CallVol/Call OI) X Call Market
Price
Market Sentiment = ($ - weighted Put Ratio as % OI) / ($ weighted Call ratio
as % OI)
Looks like a lot of busy work, perhaps for naught.
BobR
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 30, 2000 7:25 AM
Subject: [RT] Re: Index P/C Ratio
> 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
>
>
>
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