Anybody here using Put/Call ratio numbers?

I was just curious if any of the options traders here have been using the P/C ratios over the past 6 months or so for signals on current market?

 

put/call ratios have been helpful to me

 

useless number just like the trin.

 

OMG...

I know this is op ex and all..

but I never ever remeber seeing a p/c ratio this low, this late in the day...


this is just insane... (.23) WTF?

http://www.cboe.com/data/IntraDayVol.aspx

 

It is some sort of dividend capture play on the SPY's apparently. They buy a call spread, exercise the long side and hope the short side goes out worthless. Don't ask me any more, that's all I know. I just read about it on another site.