What is put/call ratio?

The put/call ratio is the ratio of the total volume (or open interest) of all put options to the total volume (or open interest) of all call options for a given trading day. This indicator reflects the market's bullish or bearish sentiment. Users can toggle between volume and open interest data, along with historical curves, to evaluate market sentiment based on changing trends.

1. How to view options trading data

Click the top tab bar to toggle freely between total volume data and total open interest data, while viewing the current day's figures and historical trend curves.

Long-press on the curve graph to view the total volume or total open interest data for a specific day.

2. Role of the put/call ratio

Generally speaking, a smaller put/call ratio indicates that investors are trading or holding more call options, suggesting a bullish sentiment among investors. Conversely, a larger put/call ratio indicates that investors are trading or holding more put options, suggesting a bearish sentiment. In applications, it is advisable to analyze the put/call ratio alongside total volume or open interest data. The conclusions become more accurate when both total volume and open interest are increasing simultaneously.

Key Takeaways: The put/call ratio, which is used to gauge market sentiment, equals the volume or open interest of put options divided by the volume or open interest of call options. A smaller ratio indicates a bullish sentiment among investors, while a larger ratio suggests a bearish sentiment. When combined with increasing volume/open interest, the conclusions drawn are more valuable. Users can switch to view current and historical curves and long-press to access specific date data to analyze changes in market sentiment.

Disclosures

The above analysis reflects general trends and does not guarantee market outcomes; it does not constitute any investment advice.