Anyone notice the large disparity between equity and index ratios? As of writing this; $WPCVE is highest its been over the past week, while the $WPCVI is quite tame and down today. Mine is moothed out by EMA(3).
It would appear that the decline this morning is fear driven dumb-money selling?
put/call this morning
Started by
rkd80
, Aug 03 2007 10:21 AM
2 replies to this topic
#1
rkd80
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Posted 03 August 2007 - 10:21 AM
“be right and sit tight”
#2
ogm
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Posted 03 August 2007 - 10:28 AM
Anyone notice the large disparity between equity and index ratios? As of writing this; $WPCVE is highest its been over the past week, while the $WPCVI is quite tame and down today. Mine is moothed out by EMA(3).
It would appear that the decline this morning is fear driven dumb-money selling?
$WPCVE hit 2.05 today at the peak of the sell off. Its holding at 1.8 now.
10 DMA of $WPCVE is higher then February. I have it at 1.24
Its actually the highest I have it since 2004 ( thats as far back as I have the data)
Edited by ogm, 03 August 2007 - 10:30 AM.
#3
NAV
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Posted 03 August 2007 - 10:37 AM
If you look carefully, all the put buying today is from SPX folks, which is typically hedging activity. If i were a fund manager carrying large positions, in this market environment, i would certainly hedge myself from any out of the blue mysery.
