OPTION-Structure in the Institutional Portfolio hint at VOLATILITY

(1) The weighted Call/Put ratio looks solidly overbought....

(2) ...whereby the Flows into Calls/ Flows into Puts more look like oversold...

...which means that the structure has changed with a lot of in the money puts purchased infront of the next OPEX.

(3) ...a similar interpretation comes from our RGW indicator that measures the stability(high Values) vs. the instability (low Values) in the overall Option chain.

The Call/Put-Ratios are derived from all individual OptionChains of a 'must hold' Institutional Lg. Cap Portfolio. The RGW come from the OptionChain of the SPYDER.

BOTH TELL THE SAME STORY, namely that the 'PLAYAS' (Hedgies & Prop-desks) are preparing for a round of HIGH VOLATILITY infront of the next OPEX !!