A product funded and owned by the CBOE (Chicago Board of Options Exchange).
The Put to Call Ratio of Open Interest on $SPX [the S&P 500] for the next month of option expiry dates.
$VIX [$VXX / $UVXY / $SVXY / $TVIX / $VX_F / etc…]
THE FEAR INDICATOR.
Whoa whoa. Things really got out of hand there.
We went from a thirty-day forward-looking Put To Call Ratio on a basket of 500 stocks to FEAR.