SPY 145 strike put to call ratio: 13.5
QQQQ 48 strike put to call ratio: 2.04
DIA 132 strike put to call ratio: 1.75
The SPY number is massively tilted to the bear side. That would lend credence to the nearby 200 DMA holding, at least for now. If you think these ETF's mostly represent smaller traders, take a look at the full price index:
SPX 1450 strike: 24 (120K puts to 5K calls).
Of course, most of these extravagant numbers are a result of massive hedging, but it seems everyone is betting on more downside.
QQQQ 48 strike put to call ratio: 2.04
DIA 132 strike put to call ratio: 1.75
The SPY number is massively tilted to the bear side. That would lend credence to the nearby 200 DMA holding, at least for now. If you think these ETF's mostly represent smaller traders, take a look at the full price index:
SPX 1450 strike: 24 (120K puts to 5K calls).
Of course, most of these extravagant numbers are a result of massive hedging, but it seems everyone is betting on more downside.
This entry was posted
on Sunday, July 29, 2007 at 7/29/2007 11:45:00 AM.
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