CBOE Put/Call Ratio Spiked To 2007 Levels by Eric Bush, CFA, Gavekal Capital Blog
On Friday, August 21st, the total put to call ratio spiked to 1.69 which was the largest put to call ratio since 2/27/2007. The 25-day moving average remains more subdued at 1.07 and is at levels that were seen in 2013 and 2014. The one-year moving average is at 0.99 which is the highest level since 2012.