Put/Call Ratio — Crowd Sentiment
LIVEWhat the options crowd is doing per instrument — and how to read it like a contrarian.
EXTREME FEAR
≥ 1.20 or z ≥ +1.5
Panic put buying → contrarian BUY zone
HIGH PUT VOLUME
0.90 – 1.20
Bearish bias — crowd defensive
NEUTRAL ZONE
0.74 – 0.90
Balanced — no strong crowd bias
HIGH CALL VOLUME
< 0.74 or z ≤ -1.5
Bullish crowd → contrarian SELL zone
Contrarian engine
Crowd ≠ prediction
- Extreme put buying →
- Crowd extremely bearish →
- Contrarian signal →
- Potential BUY zone
These read the crowd, not the price. A contrarian signal is information you weigh alongside macro, liquidity and structure — never a guaranteed trade.
Per-asset Put/Call
S&P 500
SPY · INDICES · CBOE
1.18
Bearish bias — crowd defensive
NASDAQ 100
QQQ · INDICES · CBOE
1.24
Panic put buying → contrarian BUY zone
Russell 2000
IWM · INDICES · CBOE
0.98
Bearish bias — crowd defensive
NIFTY 50
NIFTY · INDICES · NSE
1.05
Bearish bias — crowd defensive
BANK NIFTY
BANKNIFTY · INDICES · NSE
1.12
Bearish bias — crowd defensive
Gold
GLD · COMMODITIES · CBOE
1.31
Panic put buying → contrarian BUY zone
Silver
SLV · COMMODITIES · CBOE
0.82
Balanced — no strong crowd bias
Crude Oil
USO · COMMODITIES · CBOE
0.69
Bullish crowd → contrarian SELL zone
EUR/USD
EURUSD · FX · CME
0.93
Bearish bias — crowd defensive
USD/JPY
USDJPY · FX · CME
1.21
Panic put buying → contrarian BUY zone
GBP/USD
GBPUSD · FX · CME
0.76
Balanced — no strong crowd bias
Bitcoin
BTC · CRYPTO · DERIBIT
1.42
Panic put buying → contrarian BUY zone
Ethereum
ETH · CRYPTO · DERIBIT
0.87
Balanced — no strong crowd bias
Solana
SOL · CRYPTO · DERIBIT
0.78
Balanced — no strong crowd bias
Sample quality
HIGH SAMPLE — 26/30 days. z-score, percentile and history ranking are shown.
Insufficient history
LOW SAMPLE — 8/30 days. z-score, percentile and ranking are suppressed until enough observations exist.
Data status
Mixed feed: LIVE DELAYED REFERENCE. Never implies real-time where it isn't.