6.65 million puts and 6.1 million calls traded so far today, yielding a put-to-call ratio of 1.09 and on pace for the highest so far in 2012 — surpassing the 1.05 seen in Jan 24. Trading is mixed today and CBOE Volatility Index hit a high of 20.42, but is up just .08 to 19.63. Still, the relatively high P/C ratio seems to reflect a cautious underlying tone after this year’s biggest weekly loss for market averages suffered last week and ahead of a flood of Q1 corporate earnings releases. [Note: Premium Subscribers can use ticker symbol @all and then menu option 2 to see the total put-to-call ratio at the end of the day -- 1.07 and the highest of the year.]
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.