The public has been doing such since first meeting under the buttonwood tree hundreds of years ago. This marks the final edition of Market Sentiment in current format. Significant changes are in store next week and all of them are considerable upgrades. You will love the newer format, rest assured. With that said, this is my final submission for OI teammates and let me thank you personally for enjoying our time together.
Ratio listed is percentage of calls to puts or puts to calls respectively.
Support is factored from dividing puts by calls at strike levels beneath index closing price. Resistance is factored from dividing calls by puts at strike levels above current closing price. A reading above 10.00 is considered viable resistance or support respectively within that general strike price range. Small specs are the general trading public with commercials being financial institutions. Commercials are historically on the correct side of future trend changes while small specs are not.