TRin put/call today

The calculation (which is a manipulation of raw Trin, raw put/call and tick) today reached levels I havent seen before...ever. Some of this is becuase the short sale rule ending last year, making it easy to sell short compare to the old days, which puts added pressure on the calculation. Still, the amzingly hi put/call as I measure it is really astounding to me. I am sure others have lots to say about this, but as I calculate it, and using my style of trade and my time frames, these levels represent a population leaning way way short via puts and short sales. I for one over the last 20 odd years haven't seen that many times (clearly the odds are against) when this level of lean, doesnt force the hand of those sellers of puts. Those boys and girls arent in the habit of losing. As the clock ticks, the riches made and those who made many and huge directional bets, are likely sweating their JAN's as the weekend approaches and decay really kicks in. Then there is Ben. Ben likes to surprise now doesn't he. He's a tricky guy, a trader with the biggest book. There is some serious fuel here for a serious squeeze. Disclaimer: My post addresses not the trend, nor the fundy's nor does it make claims of bull or bear market. As I trade, it matters not in the least. My post is for those pirates among us. For those who can take advantage of a squeeze, perhaps further inflicted by Ben, or at the least expiration looming squeemishness there ya go fwiw.

The calculation (which is a manipulation of raw Trin, raw put/call and tick) today reached levels I havent seen before...ever. Some of this is becuase the short sale rule ending last year, making it easy to sell short compare to the old days, which puts added pressure on the calculation. Still, the amzingly hi put/call as I measure it is really astounding to me. I am sure others have lots to say about this, but as I calculate it, and using my style of trade and my time frames, these levels represent a population leaning way way short via puts and short sales.
I for one over the last 20 odd years haven't seen that many times (clearly the odds are against) when this level of lean, doesnt force the hand of those sellers of puts. Those boys and girls arent in the habit of losing. As the clock ticks, the riches made and those who made many and huge directional bets, are likely sweating their JAN's as the weekend approaches and decay really kicks in.
Then there is Ben. Ben likes to surprise now doesn't he. He's a tricky guy, a trader with the biggest book. There is some serious fuel here for a serious squeeze.
Disclaimer: My post addresses not the trend, nor the fundy's nor does it make claims of bull or bear market. As I trade, it matters not in the least. My post is for those pirates among us.
For those who can take advantage of a squeeze, perhaps further inflicted by Ben, or at the least expiration looming squeemishness there ya go fwiw.

cresdorf....can you post a chart of this? i think all would be interested in a visual... - TA

To The Architect: Thanks for the interest. I have been considering how this visual would be most beneficial over tha last few days. As the plotted data means nothing in the context along, and needs a price chart to have meaning. Problem is, the calc are based on 1 min data, then plotted. There is no way then to, without alot of work, to create a chart which has any visual usefulness. I could draw vertical lines where the extremes have lined up over say last 10 years, but that kinda misses the point too. I have been stumped on how to present my work in a way which is useful to those who have interest. Will keep thinking about it..... Sorry for the spelling, sentence stucture and syntax. I mean no disrespect by posting such bad writing and speeling. Been busy, and am tired.