3 replies to this topic

[S.I.M.O.N.]

5-10MA's of cpci,cpce and cpc are in sky high buy zones, but i remember last week there was that day that saw all the option ratios go ballistic, but did'nt stop mkt from tanking. Can some options experts shed light on this wierd development?? is up the new down?

[jawndissedi]

[arbman]

The open buys and open sells are pretty close for the customers and firms, basically they might be trying to be neutral while the market is trying to make a directional move. last week.

This is quite evident that although the bearishness rose after the expirations (there were less net calls), the open interest increased for both the puts and calls almost equally and much more, the net calls declined a bit though. Today, there were more directional bets according to the open interest, but still the open interest grew much faster for both the calls and puts. My indications are saying that they are mostly retail volumes...

This is the best explanation I could come up with, I would like to hear from anyone with better info...

- kisa

Edited by kisacik, 28 February 2007 - 07:15 PM.

[OEXCHAOS]

Don't you guys remember this? I read it bearish then. It sure looks like somone knew something was up. For what it's worth, we don't view the options data as particularly Bullish. Constructive? Maybe. In this environment, we need some real excess, I think.