Jan 11, 2011
Premarket View - 11.01.2011
Option reading index (-) 5.05 down from last trading figure of (-) 0.65. This is very very high surpassing 23 Nov, 6, 7 and 9th Dec figures of (-) 4.03, (-) 4.22, (-) 4.39 and (-) 4.74 respectively. I guess high irrationality & resultant fear hedging in options going on. Now really dont have any idea how to interpret this figure of (-) 5.05. This is associated with high buying support but it is not visible in the market except absorption of high sales. So I leave it there for readers interpretation. Please post your comments.
Some of recent posts cautioning in advance bear trend. You can read it here (Post 1, Post 2 & Post 3).
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2 comments:
Hi,
Yr post is one of the few posts I look forward to each day.
Can you share what is "option reading index"
Any literature or link i can get on this.
I am on rediffmail.
Thank You
hi alphabet,
thanks for your comment. Option reading index is still on testing phase. once testing is over, will let you know entire thing...
till then kindly excuse and bear with me..
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