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Re: [RT] put/call



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Jeff,

   I also watch these type of numbers. However, I have noticed spikes in the
numbers just before option expiration which tend to evaporate the day after
expiration. This says to me to take any extreme numbers on expiration day
with a grain of salt. If too much bearishness, via the option numbers,
continues on Tuesday, then I will get excited that a low is near.

Cheers,

Norman

----- Original Message -----
From: "Jeff Haferman" <jeff_haferman@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, February 15, 2002 8:03 PM
Subject: [RT] put/call


>
> CBOE total put/call ratio for today Fri 2/15/2002 was 1.15...
> here are the 10 highest put/call ratios since 1997:
>
> 1.27 10/08/1998
> 1.27 09/20/2001
> 1.23 09/21/2001
> 1.17 09/03/1998
> 1.17 08/21/1998
> 1.15 02/15/2002
> 1.14 09/17/2001
> 1.14 08/31/1998
> 1.13 09/18/2001
> 1.12 09/17/1998
>
> So today is #6 on the list...
>
> 4 of these ratios took place just after Sept 11, and can be
> associated with "a" market bottom.
>
> 10/8/1998 was a market bottom, and 8/21/1998, 8/31/1998, 9/3/1998,
> and 9/17/1998 were "fakes" leading up to the bottom.
>
> This info is free, take it for what its worth :)
>
>
>
>
>
>
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