SPY Put-Call Ratio Back Up to 1.74
Trader Moe | Dec 16, 2014 11:31PM ET
The SPDR S&P 500 (ARCA:SPY) put-call ratio rose to 1.74 today, above its 20 dma. That would tend to be bullish going into opex Wednesday. It’s especially bullish for a December opex week, because we’d tend to see the ratio down at its lower Bollinger Band® by Thursday.
SPY put volume rose by 8% today on a strong rise in open interest. SPY call volume fell by 3%.
Tomorrow’s the FOMC. I cannot understand how anyone can think Yellen’s Fed is about to say something bearish with 8 shopping days left till Christmas.
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