Abbreviation: Put/Call OpenInt Ratio
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Open Interest | ||
| Call Open Interest | ||
Calculation:
Put Open Interest / Call Open Interest
Discussion:
Provides a measure of market sentiment. Values over one indicate more outstanding interest in put options than call options. Values below one indicate more outstanding interest in 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.