Comments about the financial markets, politics and other random thoughts of interest.

Monday, November 17, 2008

Options not positive for stocks

Stock indexes continue to get pounded into the close each day. Pretty easy trend to identify. Equity Options are seeing more calls than puts as the put/call is 0.87. Only Index options see a put/call ratio above 1 as that ratio closed at 1.03.

There is no reason to rush into stocks. Remain calm and if you can trade intraday these are amazing days. Otherwise, keep cash high and prepare for a cold winter.

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