A put/call ratio of .70 indicates: 1) puts have a cost 70% less than the cost...

Transcribed Image Text:

A put/call ratio of .70 indicates: 1) puts have a cost 70% less than the cost of calls. 2) there are 7 puts purchased for every one call purchased. 3) there are 70% more puts purchased than calls. 4) there are 7 puts purchased for every 10 calls purchased. A put/call ratio of .70 indicates: 1) puts have a cost 70% less than the cost of calls. 2) there are 7 puts purchased for every one call purchased. 3) there are 70% more puts purchased than calls. 4) there are 7 puts purchased for every 10 calls purchased.