SPY Put-Call Ratio Collapses

Published 12/16/2015, 01:16 AM
Updated 07/09/2023, 06:31 AM
SPY
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SPY 2Y-D Chart

On Tuesday the SPY Put-Call Ratio Collapsed to its Bottom Bollinger Band

The N:SPY put-call ratio collapsed to 1.20 today, just above its bottom Bollinger Band®.

That would normally be bearish for tomorrow, but in triple witching weeks the ratio typically collapses to its bottom BB by the close on Thursday. The ratio could just stay down here until Thursday, or it could climb tomorrow on a bearish price move and then drop again on Thursday.

SPY put volume fell by 20% on a moderate rise in open interest, meaning both bulls and bears dug in today. SPY call volume rose less than a percent.

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