There is substantial put buying in XLF. This always happens when market is about to fall. Don't reply with your smart axx comments. This indicator works and I have been following the market for years.
So where are your real time trades? Prove it
How does it work, explain.
When the market is about to fall in the short term, institutions buy puts on XLF. I don't understand your question "How does it work".
I posted my trades on this board in the past. I am short IWM and short treasuries.
Hey Einstein, provide dates or go back and flip those burgers.
Don't know where you get your data, but size this up and see if the match;
Nasdaq 100 Index - (NDX) Wednesday, January 30,2013
Call Put Total
Volume 518 4,218 4,736
Rangetrader , that is an interesting correlation . The XLF has to break and close below prior highs 17.19 to show weakness .