the lower it goes more bearish short term, however it hasn't
move much from where it closed yesterday. Yesterday it closed
at 0.83 so despite today's strong rally it's only dropped to 0.80.
remember it's a math ratio: put/call. When it's less then
1 means there's more call buyers and when it's greater than 1 more
put buyers, it's used as a contrarian indicator when it get to
extreme levels well above 1 or well below 1
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the lower it goes more
Put/call ratio is currently 80%. If it closes under 80% ...
Posted by matt on 9th of May 2018 at 02:26 pm
the lower it goes more bearish short term, however it hasn't move much from where it closed yesterday. Yesterday it closed at 0.83 so despite today's strong rally it's only dropped to 0.80.
remember it's a math ratio: put/call. When it's less then 1 means there's more call buyers and when it's greater than 1 more put buyers, it's used as a contrarian indicator when it get to extreme levels well above 1 or well below 1