The put:call ratio can be used to measure the amount of hedging and the amount of speculation; higher ratios imply increased hedging, and lower ratios imply increased speculation. At the moment, the ...
On the daily-scale, the put:call ratio is forming an up-spike in both the 8 and 10-day MA (next two charts). Up-spikes are usually followed by rallies in the SPX, and that is what we are seeing ...