What If

This morning I showed the 10 day moving averages of the put/call ratios. We are still not near the extremes seen in January. What would it take to get the 10 day moving average of the put/call ratio to the point it was at in mid January? If the call buying continues through early next week we should be there. That said two extreme days back to back like today and yesterday usually lead to a pullback in relative short order.

3 comments:

Anonymous said...

selling WGO and buying VOD (on your reco)

Tsachy Mishal said...

I bought it $1 lower and sold the March $22.50 calls against the position. so you know. longer term i think its going higher but the market is due for a pullback.

Anonymous said...

Good to know. I agree fully about a market correction. I have a big short book of WGO and various REITs and casino stocks.