Just thought I'd shed some light on these important things, mainly for those that choose not look at valuable market metrics like these. Moral of the story is don't chase this market at these levels...pullback is a comin'. See the graphic, be the graphic...
It will be spun like the ever increasing amount of insider sales. "It is positive and indicates a bottom" - CNBC
Ratio of puts traded in respect to call options. #ofPuts/#ofCalls=Put-to-Call volume ratio. Same for open interest ratio.