Zeev, please look at the graph this guy developed on the QQQ MP using moving average of Put/Call OI. <A HREF="http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20386753" target="_blank">http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20386753</A> Look at the trend. The ratio of Put/Call OI is steadily dropping.