Zeev's Turnips Patch-No Politics (ZEEV)

[alohamart]

Edit: if you take out both sides and add back the net difference (8,251), you get a still very bearish closing equity p/c ratio of .416. This may be the most accurate way to adjust the #'s, since this is the net positive # of puts bought in this trade. Also, just noticed that both sides or in 2005, so it's not a calendar spread, as I first posted -- just a good-sized bear credit spread, or a cheap way to get a good chunk of leap puts. Both sides will probably be closed at the same time, with the bulk of the profit coming from the difference in the number of puts bought vs. those sold (hence counting the net difference is, IMO, the most accurate way to do it).

Actually, if you take out both sides of this big QQQ trade, the equity p/c ratio closed at a very bearish .39 (using updated closing CBOE figures, which are now available at their site), and the overall p/c ratio closed at .66.

I know you can't really just take it out, but it really shouldn't all be counted as the contrary-indicating buying of equity puts.

The actual, skewed figures could cause some bulls to get too bullish...