Important Message from the CBOE

HenryTo · Posted: Fri Jan 28, 2005 6:48 am Post subject: Important Message from the CBOE

Looks like we will need to take a relook at the equity put-call ratio going forward - since the p-c ratio for the outstanding QQQQ option contracts is about 1.9 something as reported by Bernie Schaeffer. My inclination is to take a wait-and-see approach and forget using the p-c ratio as an overbought/oversold indicator for awhile:

"Please note: As of 01/26/2005, all reported volume on Options on the Nasdaq 100 Index Tracking Stock (QQQ), including LEAPS, will be reflected within the "Index Options" volume summary rather than the "Equity Options" volume summary below."