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Put-Call ratio

mandy said: "The put-call ratio is simply the volume of all puts that are traded on any given day divided by the volume of calls that are traded on that day. The ratio can be calculated for an individual stock, index, or futures underlying contract, or can be aggregated. For example, we often refer to the equity-only put-call ratio, which is the sum of all equity put options divided by all equity call options on any given day."