SPY Put-Call Ratio Below 20-DMA

Published 10/09/2015, 01:05 AM
Updated 07/09/2023, 06:31 AM
SPY
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SPDR S&P 500

The (NYSE:SPY) Put-Call Ratio Fell Below its 20-DMA on Thursday

SPY's put-call ratio fell to 1.55 Thursday, which is a little below its 20-DMA at 1.60.

SPY put volume rose by 24% on a good-sized jump in open interest, which is now getting to the middle of the normal range. SPY call volume rose by 36%. This is starting to get interesting, with both bulls and bears digging in, but bulls digging in more.

The SPY put-call ratio is a strong contrary indicator heading into and during opex week. Moves in the ratio away from its 20-DMA tend to be followed by price moves in the same direction. It’s still a little early to count on an immediate effect tomorrow.

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