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put call ratio
- Thread starter ericta
- Start date
To be honest the Put/Call Ratio is something I don't use in my every day trading. However I'd taken some notes on it from a seminar awhile back and will post them here for you. Hope it helps.
+ If the PC ratio gets over 1.0 intraday look to ignore short setups and start looking for longs.
+ Anything above .85 or so is more of a buy signal. This means there are a TON of bears in the market and a floor will be put in soon.
+This wont happen immediately, the PC ratio is a slower indicator. If its uptrending, so should the market. To reiterate , be looking for an extreme range in the PC ratio.
+Higher # is more puts being bought, lower # is more calls being bought.. If the market is rallying strong, you want to see the PC rallying. If its in .070 and 0.90 territory ignore it as a factor. This is a normal or neutral range.
+ Most people only use this tool from 10am until 4pm
Also its still not available in eSignal yet.
LINK: http://www.cboe.com/data/IntraDayVol.aspx Free putcall ratio data
CajunSniper / Puretick.com Administrator-Trader
+ If the PC ratio gets over 1.0 intraday look to ignore short setups and start looking for longs.
+ Anything above .85 or so is more of a buy signal. This means there are a TON of bears in the market and a floor will be put in soon.
+This wont happen immediately, the PC ratio is a slower indicator. If its uptrending, so should the market. To reiterate , be looking for an extreme range in the PC ratio.
+Higher # is more puts being bought, lower # is more calls being bought.. If the market is rallying strong, you want to see the PC rallying. If its in .070 and 0.90 territory ignore it as a factor. This is a normal or neutral range.
+ Most people only use this tool from 10am until 4pm
Also its still not available in eSignal yet.
LINK: http://www.cboe.com/data/IntraDayVol.aspx Free putcall ratio data
CajunSniper / Puretick.com Administrator-Trader
eSignal Support
eSignal
Quote from Spectra:
Also its still not available in eSignal yet.
FYI: We added Put/Call Ratios in November 06. Here's a complete list of all available ratios.
Thanks.
Scott,
Why wasn't I notified on my personal eSignal hot line?? Good gracious. Yes! Thanks..!!
CajunSniper / Puretick.com Administrator-Trader
Why wasn't I notified on my personal eSignal hot line?? Good gracious. Yes! Thanks..!!
CajunSniper / Puretick.com Administrator-Trader
Quote from Spectra:
To be honest the Put/Call Ratio is something I don't use in my every day trading. However I'd taken some notes on it from a seminar awhile back and will post them here for you. Hope it helps.
+ If the PC ratio gets over 1.0 intraday look to ignore short setups and start looking for longs.
+ Anything above .85 or so is more of a buy signal. This means there are a TON of bears in the market and a floor will be put in soon.
+This wont happen immediately, the PC ratio is a slower indicator. If its uptrending, so should the market. To reiterate , be looking for an extreme range in the PC ratio.
+Higher # is more puts being bought, lower # is more calls being bought.. If the market is rallying strong, you want to see the PC rallying. If its in .070 and 0.90 territory ignore it as a factor. This is a normal or neutral range.
+ Most people only use this tool from 10am until 4pm
Also its still not available in eSignal yet.
LINK: http://www.cboe.com/data/IntraDayVol.aspx Free putcall ratio data
CajunSniper / Puretick.com Administrator-Trader
I think p/c ratio has been less and less useful. The problem with this kind of contrarian indicator is that once most people realizes it as a contrarian indicator and begin to use it, it will be ineffective instantly simply for the reason that too many people are using it.