Options/ futures data for 26/11
Summary: 1. Again as we saw on Thursday, the DEC Options data is not displaying that bearishness we have seen on the screen in the last few days. Just take 5800PE vs 5800CEs – the 5800PEs are massive 51L vs 24L 5800CEs (even after a 100% increase in 5800CE OI on Friday). 2. 5900 seems to be balanced […]
McClellan Readings (2)
The chart which i posted in my previous post was indeed the NYMO advance-decline chart, specifically used to calculate overbought and oversold conditions on the NYSE ( New York stock exchange). We are not trading on the NYSE, but actually the NSE and the only change in the formula has been the values of the […]