|Simple Trading Ideas||
$CPC, the CBOE Options Total Put/Call Ratio is slowly advancing. $CPC is a sentiment indicator showing the Put volume relative to the Call volume. It is increasing when more Puts are trading than Call options. This means that investors are expecting a bearish development in the future. Also notice below the chart that the correlation coefficient to the S&P 500 index is -.20 and turning up. Normally the 20-period correlation coefficient is less than -.50.