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VolRadar Equity Put/Call Ratio · computed across VolRadar’s tracked US equity-options universe · updated after each trading-day close
Calls traded more actively than puts today. Treat this as market context, not a standalone directional signal.
Calls outpaced puts today. VolRadar’s Equity Put/Call Ratio closed at 0.45, down from 0.46 in the prior qualifying session. The 5-session average is 0.48. That points to call-heavy single-stock options activity — not an automatic directional signal.
Calculated from total put volume ÷ total call volume across 504 eligible single-stock underlyings, as of the 2026-06-02 close.
Total put volume ÷ total call volume across VolRadar’s tracked US equity-options universe. SPY market context overlaid on the right axis.
The 5-day average put/call ratio smooths the latest qualifying sessions so today’s reading can be compared with its recent baseline.
The ratio moved lower, from 0.46 to 0.45. That means calls traded more heavily relative to puts than they did in the prior qualifying session. SPY gained 0.04% over the same session.
Use the move as context — not as a buy or sell signal.
The put/call volume ratio shows the balance of put and call activity. Readings below 1.00 are common in single-stock equity flow. Call-heavy retail activity can be one contributor, but the aggregate ratio does not identify trader type or intent.
Orientation guide only — these are descriptive ratio bands, not calibrated trade-signal thresholds.
Today’s verified reading of 0.45 shows higher call volume than put volume across the tracked universe. Readings below 1.00 are common in single-stock equity flow and should be interpreted alongside market context rather than as a standalone trading signal.
The volume ratio shows what traded today. The open-interest put/call ratio shows the mix of put and call contracts still open after clearing. Today’s volume ratio is 0.45, while the open-interest ratio is 0.83. That tells you today’s flow was more call-heavy than the existing-position mix. It does not tell you whether those trades were new positions, closing trades, rolls or hedges. See the methodology card for the exact formula and the universe gate.
This is the VolRadar Equity Put/Call Ratio, not a Cboe put/call ratio. Cboe publishes separate put/call ratio market statistics for total options activity, index options, exchange-traded products and equity options. This page is a separate VolRadar-computed aggregate across the tracked single-stock universe; we do not republish Cboe’s values, and the scopes are not interchangeable.
Source: VolRadar analysis of ORATS data.
Read the full put/call ratio methodology →scope, formula, coverage gate & limitations
The VolRadar Equity PCR and Cboe’s put/call ratios share the same shape — total puts divided by total calls — but cover different universes and carry different licensing. Cboe publishes separate put/call ratio market statistics for total options activity, index options, exchange-traded products and equity options. The VolRadar Equity PCR is a separate VolRadar-computed aggregate across its tracked eligible single-stock universe, from ORATS end-of-day data, with no delta filter. The scopes differ, so the series should not be substituted for one another in research or backtests. See the FAQ for the comparison detail.
The put/call ratio is the ratio of put-option volume to call-option volume in a given universe over a given period. A reading above 1.0 means more puts than calls traded; below 1.0 means more calls than puts. The VolRadar Equity PCR is computed across the tracked single-stock universe and is used as a sentiment context indicator alongside implied volatility and the underlying trend.
A high put/call ratio is conventionally read as bearish in the short term because heavier put activity reflects defensive positioning. At extremes the same reading is sometimes read as contrarian-bullish capitulation. Within the VolRadar Equity PCR scope it remains a context indicator, not a standalone trading signal — pair it with implied volatility, term structure, and the underlying trend before drawing conclusions.
VolRadar sums the day's put volume across every eligible single-stock underlying, then divides by the equivalent sum of call volume. There is no delta or moneyness filter on the public metric — every strike with reported volume contributes. The same formula run on open interest produces the OI variant shown alongside the volume reading. The metric scope is equity-only; ETFs and pure index products are excluded by design.
The Cboe PCR is a separately licensed index published by Cboe Global Markets covering a different universe of Cboe-listed equity and index options with several published variants. The VolRadar Equity Put/Call Ratio is computed independently across VolRadar's tracked single-stock universe from ORATS end-of-day data, using the classic total-puts ÷ total-calls formula. The two series are correlated but not identical — never substitute one for the other in regression work.
The VolRadar Equity PCR is recomputed once per US trading-day close. The "Data as of" timestamp on the page shows the latest validated snapshot. If a daily refresh is delayed, the page shows the prior verified snapshot inside a delayed-data banner instead of going blank, interpolating values, or rolling forward a stale number without warning. No mid-session updates are produced.
There is no single "good" put/call ratio that applies across all markets and time frames; the useful question within the VolRadar Equity PCR scope is whether today's reading sits inside or outside its own recent baseline. Single-stock equity flow is structurally call-skewed, so equity readings frequently print below 1.0. Compare the current value with its 5-day average on this page before judging whether positioning has shifted defensive or aggressive.
For the VolRadar Equity PCR — computed across the tracked single-stock universe — the typical reading sits below 1.0 because retail equity flow leans call-heavy. The exact average drifts over time with market regime and the symbol mix that clears the daily coverage gate. The 5-day average shown on this page is the cleanest reference for "what is normal right now"; longer-window averages will appear once the verified history archive matures.
The VolRadar Equity PCR verified-snapshot archive is still accumulating. We require at least 30 qualifying sessions before opening the longer-range chart toggles and adding the page to the search index, so the trend on display is never drawn from a sample too small to interpret. Each session must clear both a 400-symbol minimum and an 85-percent universe-coverage ratio inside the metric scope to count.
By VolRadar Editorial. Aggregate-only. No raw contract-level data published.
Educational information only — not investment advice.
Governance & corrections: Statistics Lab data standards · Metric methodology