SPDR S&P 500 (SPY)

[learningboutinv]

About Scamman's R3s. Anyhow I looked at NDX and there's no R3 there... Hopefully the selloff is after the fed announcement on Wednesday. That would go perfect with what I've been thinking.

NDX: (msg edited on the NDX I thought there was an R3 but that was a 9 and not a 0.) Hehe... I need more sleep.
Call Put Total
2,905 6,349 9,254

SPX R3:
Call Put Total
103,805 411,190 514,995

No R3 for DJX although interesting they are loading up on the DJX Calls.

Call Put Total
18,525 13,603 32,128

From Scamman (not per se directed at you foot, since your the resident guru, but a refresher for everyone about R3).

http://clearstation.etrade.com/cgi-bin/bbs?post_id=3235333

"My Rule of Three stipulates that when the put-call ratio on any of the key indexes - DJX, SPX and NDX - is 3 or higher on a closing basis, there will be a sell-off within 3 sessions."