12 replies to this topic

[Bob-C]

Have a happy and successful trading day. Bob-C

Edited by Bob-C, 11 July 2007 - 12:31 PM.

[Bob-C]

Hi everyone, the NASDAQ advances are currently 1,525 and the declines are 1,337; very poor for the 12.43 COMPQ DCAT rally. IMHO, the inventory of stocks and stock-index futures taken in yesterday is being dumped out today preparatory to the next leg down. Daily new highs are shrinking and new lows are expanding on both the NYSE and the NASDAQ. Cheers, Bob-C

Edited by Bob-C, 11 July 2007 - 12:56 PM.

[thespookyone]

I agree, Bob, and index puts getting loaded up here, as well.

[Bob-C]

I agree, Bob, and index puts getting loaded up here, as well.

Hi thespookyone, good to hear from you; thanks for your insights. Current tick -923, UTIL -.12,, RUT +.02. SLM -8.30 to $49.50!

Good luck on your trades,

Bob-C

[OEXCHAOS]

$-weighted QQQQ P/C 0.36. Below 0.50 is Bearish. FWIW

[thespookyone]

$-weighted QQQQ P/C 0.36. Below 0.50 is Bearish.

FWIW

Thx Mark!

[Bob-C]

$-weighted QQQQ P/C 0.36. Below 0.50 is Bearish.

FWIW

Hi Mark, good to hear from you; thanks very much for the important information!

Have a great day and good luck on your trades.

Bob-C

[rkd80]

Mark, Do you know of any places to get weighted PC data? Can TS do it? tia, rkd

[relax]

Hi Mark,
could you please take a minute to explain the/your theory behind the low dollar weighted p/c being bearish

obviously more calls are being bought, but isn't that bullish or is it that only the case if the smart money is buying the calls, which would be index calls and not equity calls

thanks for any info ;-

$-weighted QQQQ P/C 0.36. Below 0.50 is Bearish.

FWIW

Edited by relax_dk, 11 July 2007 - 02:39 PM.

[OEXCHAOS]

Mark,

Do you know of any places to get weighted PC data? Can TS do it?

tia,
rkd

I get mine from Fari Hamzei. His site is VOLUMINOUS. I don't pretend to get a fraction of what I could out of it. Still, I find his data useful.

I've negotiated a discount for Traders-talk users.

Use this link to get the discount:

http://www.hamzeiana..._TT_details.asp

Mark


When you look at the $-weighted P/C it tells you about the NATURE of the buying. Basically, a low $-weighted implies more MONEY being spent on Calls than on Puts. Now, if the nominal is say 1.50, but the $-weighted P/C was 0.39 then we could conclude that someone is paying up for calls but someone else is buying cheap puts.

Usually I read that as smart money shorting, dumb money risking more to be long.

With me?

Mark

Hi Mark,
could you please take a minute to explain the/your theory behind the low dollar weighted p/c being bearish

obviously more calls are being bought, but isn't that bullish or is it that only the case if the smart money is buying the calls, which would be index calls and not equity calls

thanks for any info ;-

$-weighted QQQQ P/C 0.36. Below 0.50 is Bearish.

FWIW