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That would be my guess. Now all the exchanges have dropped below the 0.5
normalized level. Guess someone is worried about today's low being broken
next week and bailed on calls or added some puts for protection.
bobr
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, May 25, 2001 9:54 AM
Subject: Re: [RT] Mkt - OEX and Exchange C/P
> Wouldn't your Probability Sympethizer say yes since it hasn't hit the low
> band?
> Subject: [RT] Mkt - OEX and Exchange C/P
>
>
> > Looks like the option call buyers just said uncle and switched to the
put
> > side. The composite $C/($C+$P) flipped below 50% a few minutes ago
> against
> > a bearish Trin and TrinQ. OEX dropped out of its recent channel this
> > morning and has found support at the red probability cone. The put
buyers
> > are betting on more downside this afternoon.....will they get it?
> >
> > bobr
> >
>
>
>
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Attachment:
Description: "$C$P.gif"
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