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Alex,
Why not just report the TOTAL volume of put
orders and TOTAL volume of
call orders and the <FONT face=Arial
size=2>NUMBER of put orders and NUMBER of call orders and
let us figure out <FONT face=Arial
size=2>how we want to do our indicators.
The above is what I watch (don't have the facility
to get the figures yet)
and find interesting.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=AJacobson@xxxxxxxxxxxxxx
href="mailto:AJacobson@xxxxxxxxxxxxxx";>Jacobson, Alex
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:'realtraders@xxxxxxxxxxxxxxx'">'realtraders@xxxxxxxxxxxxxxx'
Sent: Thursday, January 24, 2002 9:32
AM
Subject: [RT] Option Sentiment
Indicator
Hey list .. I'd like your input on a proposed new sentiment
indicator.Here at the ISE all of our orderflow is electronic ....
retail,institutional, professional ... it's all electronic. What we
are thinkingabout doing is taking periodic snapshots (maybe every 10
seconds) of ourcompleted orderflow. Orders to buy calls or sell puts
would be consideredbullish and orders to buy puts and sell calls would be
considered bearish.The data may or may not be weighted by the size of the
orders .. too earlyto tell. Some folks have suggested weighting the
data based on most activeissues as well.In effect if in the 10
second window we completed 500 bullish orders and 400bearish orders the
indicator would be 1.25 .... again scale issues are yetto be worked
out. Zero numbers would a problem and we are working out
somethoughts on that. It has never occurred, but it is not
impossible. In effect this would create a pseudo tiki type
indicator based on optionorders completed ....... tiki has some
advantages because of market capissues.I'd appreciate hearing your
comments.Alex JacobsonVice President Business DevelopmentI S
E212 897 8125212 425 4926 (FAX)877 7209918
(SKYPAGE)ajacobson@xxxxxxxxxxxxxxTo
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