Initial options positions for today……220. 2.2 new
call positions for each put. Highest ISSE since just before October 2007
(and higher than that extreme). Extreme highs have been followed by
declines… usually, quickly, but not always. (as in last month). Both
Equities and Indices/ETF portions of the index were high with the later the
higher of the two. Unanimous, it appears options players are expecting
the rally.