Looks like the option call buyers just said uncle and switched to the put
side. The composite $C/($C+$P) flipped below 50% a few minutes ago against
a bearish Trin and TrinQ. OEX dropped out of its recent channel this
morning and has found support at the red probability cone. The put buyers
are betting on more downside this afternoon.....will they get it?
bobr
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Attachment:
Description: "$C$P.gif"
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