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great clue to what is next
At today's close if you have time please post cum volume weekly and
score weekly
thanks in advance
Ben
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 19, 2001 12:20 AM
Subject: [RT] Gen - dollar C/(C+P)
> This chart has the end of day ratio of dollar calls to the sum of dollar
> calls plus dollar puts for the 4 major option exchanges. It shows that on
> 8/28 the dollar volume of puts swamped the dollar volume of calls at the
end
> of the day and drove the ratio down to 0.15. That was the lowest level
seen
> so far in 2001. Then on 8/31 the low was tested again. This Friday could
> be one of the more interesting expirations as the bullish divergence setup
> might imply some upside if it were not for the continuing fear. The last
> week of August does look suspicious since it is so far out of the 0.3 to
0.5
> range since the May index high. Old timers know September can be brutal.
> Old timers also know "Sell Rosh Hashanah and Buy Yom Kippur". Maybe the
> ratio was just reflecting lots of insurance being bought before the
climax.
> Or maybe some parties did know about the terrorism about to be unleashed.
> Maximum gamma leaverage would occur on Friday which should be about the
time
> the 600 Taliban clerics deliver a peace offering or write their ticket to
> "nirvana". Since their vote has to be unanimous it would seem to be
> preordained. Who amongst them would dare to vote to comply with US
> requests. They are literally chosing life or death. My crystal ball says
> they won't be able to come to a decision before the weekend, will find
some
> way to stall the decision, or agree and say yes he should go, but he has
to
> leave on his own volition.
>
>
>
>
>
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