What this page is
The Put-Call Ratio through the day, plotted against spot, with zone bands — so you see sentiment SHIFTING, not just one number.
How to use it
- 1Set symbol + expiry and pick a recorded day from the day list (today by default).
- 2Read the PCR line (left axis) against spot (right axis) and the coloured zone bands.
How to read it
- Zones: ≥ 1.3 extreme-high (crowded put writing — bounce risk for bears), 1.0–1.3 bullish lean, 0.8–1.0 neutral, 0.6–0.8 bearish lean, < 0.6 extreme-low.
- PCR rising while spot rises = writers confirming the up-move; PCR falling while spot rises = the rally is not being backed by put writers.
- Broken snapshots (call OI = 0) are dropped, not shown as zero.
💡 Pro tip:Watch the SLOPE of PCR in the first hour: a sharp climb from neutral into the bullish zone before 10:30 has a habit of setting the day's tone.
