Then we concur...the PC ratio is useful to a wide range of TA and sentiment groups. It helps them make a psycological case.
IMO The data has one of the highest coefficients of fiction in the world of data....but dont believe me, just ask them.
Selling Puts and calls is a routine part of the trade...yet NO data reflects these characterized positions, the public gets Lumped together data that is essentially meaningless, because without characterization you have NOTHING.
Reminder; Its always the missing information that bites ya.