I greatly enjoy these daily charts. I noticed sth confusing regarding chart 20, Citi's put call ratio. I follow the CNN page that shows the fear and greed barometer which, which takes the ratio into consideration. The page shows the 5 day average put call ratio which exhibits a) much lower numbers, and is very bullish and b) an inverse trend (dropping) when compared to the above chart. I wonder where this divergence comes from.
Hm, SPX is the S&P500, correct? When I look at the daily chartbook #243 (again thanks for providing this!) of July 25th, the net call option volume (Figure 16) is positive for all sectors (and I take "net call" means calls - puts) for the S&P 500.
Isn't it weird (or is it completely normal?) that there is a net call positioning that is positive for S&P 500 components (i.e. the sectors) as in #243, but there is a put/call ratio of 2 (i.e. a net call position below 0) for the overall index as in this figure 20 of #237?
Hi
I greatly enjoy these daily charts. I noticed sth confusing regarding chart 20, Citi's put call ratio. I follow the CNN page that shows the fear and greed barometer which, which takes the ratio into consideration. The page shows the 5 day average put call ratio which exhibits a) much lower numbers, and is very bullish and b) an inverse trend (dropping) when compared to the above chart. I wonder where this divergence comes from.
Hi! Sorry for not replying sooner. The difference is that this chart shows p/c ratio tied specifically to the SPX index.
Thank you for getting back.
Hm, SPX is the S&P500, correct? When I look at the daily chartbook #243 (again thanks for providing this!) of July 25th, the net call option volume (Figure 16) is positive for all sectors (and I take "net call" means calls - puts) for the S&P 500.
Isn't it weird (or is it completely normal?) that there is a net call positioning that is positive for S&P 500 components (i.e. the sectors) as in #243, but there is a put/call ratio of 2 (i.e. a net call position below 0) for the overall index as in this figure 20 of #237?
SPX Breadth Expanding.....Good News !!!!!