{"id":2889,"date":"2010-04-07T16:21:47","date_gmt":"2010-04-07T21:21:47","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2889"},"modified":"2010-04-07T16:21:47","modified_gmt":"2010-04-07T21:21:47","slug":"index-equity-putcall-ratios","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2889","title":{"rendered":"Index &amp; Equity Put\/Call Ratios"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Here&#8217;s the index put\/call ratio (10-day MA) and equity put\/call ratio (10-day MA). <!--more-->Pro traders are responsible for most of the index put\/call volume while amateurs stick with trading options on individual stocks, so to some degree, these charts tell us what the smart money and dumb money are doing. Last July when the market made a lower high and lower low and was trading at a 10-week low, the pros weren&#8217;t very worried (index put\/call was low) while amateur traders were definitely fearful (equity put\/call was high). What happened? The market bounced. The pros won; the amateurs lost. Fast forward to today. The market is near its highs and it&#8217;s the pro traders who are fearful (index put\/call is high) while the amateurs are complacent (equity put\/call is low). If the pros are right again, a market top is close.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/pm\/cpc040710.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The only problem with this type of analysis is we don&#8217;t know if volume is buying or selling. If the pros are selling puts, they&#8217;re bullish, not bearish.<\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n var gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\"); document.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n var pageTracker = _gat._getTracker(\"UA-6273151-1\"); pageTracker._initData(); pageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s the index put\/call ratio (10-day MA) and equity put\/call ratio (10-day MA).<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2889"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2889"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2889\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}