Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

If you look at the simple equity P/C ratio (and one uses only equity to take out the impact of options on indices which is traded more by big money)

What do you think the heavy buying of index options (I assume you're including QQQ's? and SPY's?) by the "big money" means?

heavy put buying (namely a ratio at or above 1) is bullish for the market, since it indicates that Mosis thinks a fall is imminent

I thought it meant he was bullish on the market because he was going long equities and buying puts as hedges. Or is that what applies to the "big money" (because they hedge and Mosis does not)?