Language

Net premium Directional. (call ask + put bid) − (call bid + put ask). Mid is excluded. Calc Option-to-stock volume Option volume over equity volume. High readings have preceded low returns, not high. Calc Put/call open interest The put/call ratio on standing open interest. A slower instrument than the volume ratio. Calc Futures-equivalent open interest Delta-weighted open interest, in share-equivalents. The CFTC conversion. Calc Open-interest-weighted moneyness Where the standing book sits against spot. Our variant of a published measure. Calc