Equity Put/Call

S&P500 maybe close to a pullback based on Equity Put/Call

Edited by risktaker, 20 September 2008 - 06:07 PM.

I'll just add that a lot of disruption took place. The context now is different than last week. But I don't know what it will mean. A lot of charts and indicators are shook up. The week after Sept OPEX is "awful and September usually closes poorly" according to Traders Almanac.

I'll just add that a lot of disruption took place.
The context now is different than last week.
But I don't know what it will mean.
A lot of charts and indicators are shook up.

Thanks for your take, Roger. Reminded me that the high call volume could be due to people hedging their shorts.

The week after Sept OPEX is "awful and September usually closes poorly" according to Traders Almanac.

I am inclined to think that we will head down to retest 1180 the next two weeks.

Edited by risktaker, 20 September 2008 - 08:19 PM.

Beginning in 1990, for the last 19 years the Monday after Sept OPEX has a cumulative minus 5% return on the SPX. A handful were positive but very small returns. The only standout was the 2001 Monday after OPEX after 911, and it was up almost 4%. Taking that big day out would roughly show a cumulative return at almost negative 9%. Looks like a good stat, and the futures already closed Friday near a 1% discount to the cash index close.