I get .32, I took off 71,000 contracts off the 233,000 puts and 18,000 off the 530,000 calls. A set up for a massive G&C in the next few days, maybe even tomorrow, could be in place. 1940 which is the next major resistance on the Naz is not too far, we could go within shouting distance. Right now, I have about a 300 Naz points retreat from the top, if such a top is indeed coming (that .32 P/C equity ratio is surely a major extreme). I am not sure what to make of the divergence between VIX and VXN, kind of indicates, more life to the current run, in smaller companies, also not sure what to make of the new high in the BPCOMPQ, not matched by new highs in the SPX and NDX series (indicating running out of steam in the larger companies, as the VIX trouncing the lower BB also indicates). I can't get myself to go to sleep with less than 60% cash, went off at 66% this time around...
