Trading in the options market remains active Friday. With 90 minutes left to trade, more than 9 million puts and 7.3 million calls have traded. Consequently, the all exchange put to call ratio sits at 1.23 and, with today’s reading, the ten day average is now 1.15. It is significantly higher than the 1.10 spike seen in mid-July. The jump in the put to call ratio comes as the CBOE Volatility Index (.VIX) rallies to record highs above 75 percent. The high put to call ratio confirms the readings from the volatility index. That is, investor fear and pessimism are at an extreme.


Total P/C Ratio (10-Day Average). Click for Bigger View