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Re: STKS: Ursus Minor.



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I get 1.06 based on the following:

              S&P 100 Index  - (included OEX ,OEB,OEW, OEY & OEZ)

OEX          CALL  VOLUME:   83559   OEX          CALL  OPEN INTEREST:  202154
OEX          PUT   VOLUME:   88369   OEX          PUT   OPEN INTEREST:  289096
OEX          TOTAL VOLUME:  171928   OEX          TOTAL OPEN INTEREST:  491250
OEX          LEVELS  HIGH: 917.01   LOW: 899.42   CLOSE: 900.21   -10.48 

This was the second post they sent which I thought was an update.

And as I have mentioned before, this process would be easier and less prone to mistakes
if the CBOE would do the math and post the OEX P/C ratio in the email.


JW
abprosys@xxxxxxx

----------
> From: Joseph M McGough <j.maczz@xxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: STKS: Ursus Minor.
> Date: Tuesday, August 12, 1997 8:42 PM
> 
> Glen Jones wrote:
> > 
> > My reading of the stock charts tonight suggest that a sharp correction
> > is about to occur.  There are many sickly looking head/shoulders
> > patterns setting up right now, most pointing to a downward resolution
> > within days, perhaps starting tomorrow.  I don't know what the inflation
> > and sales numbers will be, but even if they are bullish, I believe the
> > market will sell off anyway very shortly.  Adding support to the bearish
> > case was today's OEX put/call ratio of 1.06.  This is a relatively low
> > and somewhat bearish ratio in spite of the sharp drop in stocks in the
> > afternoon.  The equity put/call ratio has been bearish for many weeks,
> > but the bearish case has not been resolved.  I believe it will be soon.
> > Use extra care if you are long now or intend to go long in here.
> > 
> > Glen Jones
> 
> 
>
------------------------------------------------------------------------------------------
-------------------I
> I am showing the OEX p/c ratio as 0.998 based on data from CBOT as
> follows:  puts:  88369 calls: 88559.  I agree with your forecast but
> wondered where you got your numbers.