4 replies to this topic

[A-ha]

as i write this, daily poll shows

%43 short vs %53 long

and

%57 bearish vs %28 bullish

does this mean people were actually bearish but couldnt short it enough while almost half of the bulls got sucked in since number of the longs %53 but only %28 of them bullish now?

now the real confusing thing is equity pc closed at 0.6 and spx p/c closed quite high



it could look like this in the morning ....

Edited by A-ha, 13 September 2007 - 07:50 PM.

[thespookyone]

"now the real confusing thing is equity pc closed at 0.6 and spx p/c closed quite high" Saw intraday that the equity PC hung at .57 for a while, and when it went to .60 was thinking maybe the result of the equity players boat loading on the puts last month has them a bit more skittish here. In this wild bull market-they could be at .50 by now.

[OEXCHAOS]

as i write this, daily poll shows

%43 short vs %53 long

and

%57 bearish vs %28 bullish

does this mean people were actually bearish but couldnt short it enough while almost half of the bulls got sucked in since number of the longs %53 but only %28 of them bullish now?

now the real confusing thing is equity pc closed at 0.6 and spx p/c closed quite high



it could look like this in the morning ....

I'm not sure that there's much to gain from the long/short ratio. I looked at it pretty hard and I didn't think it was as useful as the fully committed data. Even then, it's important to remember that this site isn't peopled with idiots, yours truly excepted.
They/We get right pretty often and are quite nimble. You really need to see a serious lean to get a signal.

Of interest, I note that the DJX and SPX both showed big put buying but low $-weighted P/C's. I.e. dumb money buying calls, smart money buying puts in institutionally dominated indices.

I comment on that in this morning's ISA Daily.

Mark

[A-ha]

as i write this, daily poll shows

%43 short vs %53 long

and

%57 bearish vs %28 bullish

does this mean people were actually bearish but couldnt short it enough while almost half of the bulls got sucked in since number of the longs %53 but only %28 of them bullish now?

now the real confusing thing is equity pc closed at 0.6 and spx p/c closed quite high



it could look like this in the morning ....

I'm not sure that there's much to gain from the long/short ratio. I looked at it pretty hard and I didn't think it was as useful as the fully committed data. Even then, it's important to remember that this site isn't peopled with idiots, yours truly excepted.
They/We get right pretty often and are quite nimble. You really need to see a serious lean to get a signal.

Of interest, I note that the DJX and SPX both showed big put buying but low $-weighted P/C's. I.e. dumb money buying calls, smart money buying puts in institutionally dominated indices.

I comment on that in this morning's ISA Daily.

Mark

I always though that action in DJX options is a fade unlike SPX options which should be the smart institutional money. However yesterday put buying on both were rampant.

[OEXCHAOS]

And they weren't paying up. The $-weighted P/C was low, however. Mark