TheTradeFormula Eagle Eye

Put-Call Ratio (PCR) Calculator

Measure market sentiment by calculating the ratio of puts to calls.

Put-Call Ratio (PCR) Calculator

Upload a CSV file with columns: strike,CE_OI,PE_OI

PCR Interpretation Guide

PCR > 1.5 (Very Bullish)

Excessive put buying suggests strong fear. Options traders are heavily hedging or betting on downside - potential reversal signal.

PCR 1.2 - 1.5 (Bullish)

More puts than calls but not extreme. Indicates slight defensive positioning or moderate concern.

PCR 0.8 - 1.2 (Neutral)

Balanced market sentiment. Equal interest in both puts and calls suggests indecision or normal market conditions.

PCR < 0.8 (Bearish)

More calls than puts. Suggests aggressive buying or over-confidence. Can indicate market top or excessive greed.

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