While both the put-call open interest ratio and the skew indicate the same thing, the latter is more reliable, according to Ardern, given it calculates real-time data and is not affected by open contracts. Historically, the six-month call-put skew has been more reliable as a contrary indicator, showing put bias near price bottoms, as observed after the March 2020 crash and the May 2021 slide.
Related posts
-
Analyst Calls Buy Signal As Solana Hits Key Support At $141
According to data from CoinMarketCap, Solana (SOL) has been slightly positive in the last day, notching... -
Unveiling Bitcoin’s Drop To $65,000: Here’s How Much BTC Miners Sold
Bitcoin has faced a significant amount of selling pressure over the past week, according to the... -
TON addresses in profit hits 100%
Toncoin (TON)’s In/Out of the Money data shows all the addresses currently holding the Telegram-related token...