Abbreviation: Put/Call Vol Ratio
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Volume | ||
| Call Volume | ||
Calculation:
Put Volume / Call Volume
Discussion:
Provides a measure of market sentiment. Values over one indicate more purchases of put options than call options. Values below one indicate more purchases of call options than put options. This indicator is often used as a contrary indicator based upon the theory that at market extremes, the public is usually wrong. By this theory, extreme values above one are viewed as bullish, while extreme values below one are viewed as bearish.