Zeev's Turnips Patch-No Politics (ZEEV)

[chainik]

<without the exytremes in the EPC>

Z, why are you keep saying that there were no extremes in put/call?

On Dec 31,

- "retail only buy to open" P/C was at the highest level in 4 years (meaning that suckers were buying calls like in 2000)
- OEX P/C was at the lowest level in a couple of years
- CBOE EPC (21 MA) was slightly higher only once - in Dec 03

etc, etc, etc

By almost every measure, P/C were at extreme levels

Not saying that nassacre is here or that it's time to short.