Bear market correction...
Thank you!!
Thanks for another great letter
Hello Nick. What do you mean that the put call ratio is back to 1:1? Is it based on last week's volume? The graph doesn't look like 1:1.
The puts:calls ratio is based on the total number of open contracts as of yesterday.
We have 553 open puts and 571 open calls.
It is indeed hard to read on the graph because those numbers are so small compared to the peak of what we had last year but they are basically 1:1.
Thank you!!
Thanks for another great letter
Hello Nick. What do you mean that the put call ratio is back to 1:1? Is it based on last week's volume? The graph doesn't look like 1:1.
The puts:calls ratio is based on the total number of open contracts as of yesterday.
We have 553 open puts and 571 open calls.
It is indeed hard to read on the graph because those numbers are so small compared to the peak of what we had last year but they are basically 1:1.