Literally Unbelievable Print on Today's CBOE Equity Put/Call Ratio
As of right now, CBOE is reporting that the Equity Put/Call Ratio for today (Monday) was 0.39. That would be 2.56 calls for every put.
You'll recall that the put/call ratio was instrumental in predicting the April top and flash crash, when on April 14 the call buying was the highest in history.
I wonder if today's CBOE data is in error? It would be astonishing if traders were still that bullish/buying that many calls after the recent market slump.
If that 0.39 print is real and people are really that bullish, the next surprise that disappoints them could cause a crash.
1 comment:
It's a false reading. A non-bearish mega-spread trade went on in symbol ATVI. See link for details.
http://livevol.blogspot.com/2010/08/atvi.html
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