Wednesday, August 17, 2011

Total Put Call Very high

Total Put call has crept up very high again.

This would be a scary time to be short.

That said, some indices and stocks are close to or back-testing prior support lines, which is now resistance. That hints / yells of time to be short.

Tough market, no time to day trade.

3 comments:

  1. Hope you caught some of the downdraft today, Steve. I was tempted last night when ES was only down 6, but c'est la vie. I did catch it from early this a.m., so no complaints.

    As it turned out, it was a scary but very good time to be short. Some lucky bastards were...lol

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  2. No time to daytrade, annoying to say the least.

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  3. PS good job for you!  
    I would say this is looking quite a bit like 2008 with put call high, and yet prices continued to fall

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Insightful and Useful Comment!