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.