Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Mish, we discussed earlier that a solid 190,000 of those puts were in the QQQ and in big chunk. Market Watcher even cited an interesting number for the "small" orders (1 to 10 contracts) P/C ratio to be under .55 or so (#msg-1377843). As for the lopsided P/C ratio (more than 2 to 1) on the S&P 500, I have stated many times that that I could not find any rational correlation between the P/C ratio and future market action.