ISE Sentiment Index is to
gauge retail investors’ sentiment in the market by measuring the number of
opening call options vs. opening put options, which are placed orders on the
International Stock Exchange platform.
The International
Securities Exchange launched the ISEE in 2002.
This index is to gauge retail investors’ sentiment in the market by
measuring the number of opening call options vs. opening put options, which are
placed orders on the International Stock Exchange platform.
According
to Barron’s, the ISEE data focuses only on calls and puts transaction amounts
made by retail investors, such as individual investors, money managers, and
hedge funds managers, etc. Therefore,
retail investors’ transaction patterns and behavior is believed to be able to
determine the market sentiment from an expert’s view. This is due to the
fact that the data is not significantly skewed by a large quantity of options
traders or money makers.
The
intra-day ISEE reading is refreshed every 20 minutes. It is available 10, 30, and 50 minutes after
the hour, starting from 7:50am and ending at 4:10pm. However, the moving
averages (10, 20 and 50 days) are retrieved once a day only, and available
after the market closes. The last reading at close
is the daily reading. Investors can
trace the following link to get the most recent data to track the trading
pattern and sentiment derived from the options speculators.
The International
Securities Exchange (ISE) provides free daily data of the ISEE, which are gauged
on 1,700 plus securities that trade options on ISE. The historical data for the ISEE is available
on ISE website as well. The ISEE Index for All Securities was accessible
starting in April 2002. On the other hand, the other two ISEE indices Equities
only and Indices, & ETFs only, tracked back to January, 2006. Traders can subscribe to the following
website to receive the end-of-day email by applying Crtl + Click this link: sign up for
the ISEE Alert email.
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