Saturday, April 18, 2009

Thought on the bearish put/call ratios

I'm hearing a lot of talk about how bearish the $cpce put/call ratio is recently. I can't help but wonder how much of the drop off in put buying is related to the advent of 3x ETF's
An example would be FAZ, late last year it traded maybe 3million shares a day. Friday's volume ramped over 6000% to 230 million shares traded. Is it possible that that massive volume spike in FAZ BGZ etc is actually bullish short term ?

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