- Both Option Exchanges show similar Equity Options Put/Call Ratios
- Both come from a historical degree of "EXUBERATION"
If you believe we are in a cyclical bull......then you will interpret the P/C data as OVERSOLD and BULLISH
If you believe we are in a cyclical bear......then you will interpret the P/C data as NEUTRAL and BEARISH
If you have an open mind, then you want to see a level of "excessive put buying" as confirmation for the bear or a bounce back towards "excessive call buying" to confirm the bull!!
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