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CPCI Up Hard

Published 10/28/2014, 02:08 AM
Updated 07/09/2023, 06:31 AM

The Index Put-Call Ratio Rose to 1.41 on Monday

The Index Put-Call Ratio Rose to 1.41 on Monday

The CPCI rose from 0.96 to 1.41 on Monday, meaning the big stacks are bearish again. This big jump occurred on a day with the equities put-call ratio remained flat at 0.65, well below its 20 dma.

The SPDR S&P 500 (ARCA:SPY) put-call ratio rose a little on a sizable drop in open interest, but is still well below its 20 dma.

The SPY Put-Call Ratio Rose a Little on Monday, but is Still Well Below its 20 dma

The SPY Put-Call Ratio Rose a Little on Monday, but is Still Well Below its 20 dma

SPY put volume shrank by 30% on Monday.  SPY call volume declined by 44%.

When the SPY put-call ratio is low and the CPCI is high, it tends to be bearish.

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