baba or anyone, question....

without knowing if the puts were sold or bought, and same for the calls, i don't understand how the put/call ratio is a good indicator. i mean, i know people use it, but i sold a put yesterday and i'm long. if i had bought a put or sold it though, the ratio doesn't distinguish the two, right? and what if i sell a call, but i sell it so far OOM and for this month's expiry and it's virtually impossible to get exercised- that counts as a bearish move but i'm bullish on the stock. is the put/call ratio referring to just buys or just sells? cuz if not then it should be more specific i would think, says the guy who knows very little.... except about unicorns- i'm an expert!

and yeah this is the second article i've read where it said the 52wk high was 4.50. is it like a personal check that takes a few weeks to clear before we can say the high was 8.06? following this stock and reading all of the word diarrhea is a good reason never to trust what people report about anything. -chad