Since 2004 only 8 times the Equity Put Call hit these high of levels on a daily candle as it did before the recent ramp up. Hits 5 and 7 were accompanied by declines, but keep in mind, that was the great run down from 1300 to 666. So that was very unusual. I don't think the big banker brokers (HBB) like the idea of retail traders making big money on declines, that is supposed to be their territory
I will try to put this on my "Indicators" page as a permanent link, it takes around 15 minutes of messing around to do it, check here later on.
http://oahutrading.blogspot.com/p/new-page-for-testing.html