Options Sentiment Alerts

Put/Call Ratio Alerts — Options Market Sentiment Notifications

Get alerted when the Put/Call Ratio component of the Fear & Greed Index signals extreme options-market fear or greed. When traders are buying more puts than calls, it signals fear — often a contrarian opportunity.

90-Day Alert Overview

US Fear & Greed Index vs. S&P 500

Fear & Greed Index
S&P 500
Example threshold (40)
Alert markers (below 40)
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The options market's fear indicator

The Put/Call Ratio measures the volume of put options traded relative to call options. A high ratio means more puts are being bought — investors are paying for downside protection, signalling fear. A low ratio means more calls are being bought — investors are betting on upside, signalling greed or complacency.

Because the Put/Call Ratio measures actual money being placed in the options market, it's considered a market-sentiment measure of institutional and retail investor fear. It is one of the seven components of the Fear & Greed Index monitored by FearAlert.

High Put/Call Ratio → Fear

More puts than calls being bought. Investors are hedging against a market decline — a contrarian bullish signal for patient investors.

Put volume >> Call volume → FGI fear component rises

Low Put/Call Ratio → Greed

More calls than puts being bought. Investors are betting on upside without hedging — a sign of complacency that often precedes corrections.

Call volume >> Put volume → FGI greed component rises

Popular Put/Call Ratio alert configurations

P/CHigh put buying — fear signal
Put/Call Ratio component in fear territory
Alert when options traders are buying significantly more puts than calls — the options market is pricing in fear.
P/CP/C + FGI extreme fear
Put/Call Ratio component above fear threshold
Double sentiment confirmation: put/call options are skewed toward fear AND the overall Fear & Greed Index is in extreme fear.
Combined with: Fear & Greed Index below 25
P/CP/C + RSI oversold
Put/Call Ratio in fear territory
Options market is fearful while SPY is technically oversold on RSI — sentiment and technical signals aligning for a potential contrarian entry.
Combined with: RSI (SPY, 14) below 30
P/CLow put buying — complacency
Put/Call Ratio component in greed territory
Alert when the options market shows complacency — low put buying signals investors are not hedging, a warning for existing positions.
Combined with: Fear & Greed Index above 70

Put/Call Ratio alerts — common questions

What does a high Put/Call Ratio mean? +
How does FearAlert monitor the Put/Call Ratio? +
Can I combine Put/Call Ratio alerts with stock technical indicators? +
Is this a separate indicator from the Fear & Greed Index overall? +

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Also explore: Fear & Greed Index Alerts  ·  VIX Alerts