Put Call Ratio

The put-call ratio is a measure of the relative strength of put and call options prices in a particular market. It is calculated by dividing the number of put options written for a particular strike price by the number of call options written for the same strike price. A put-call ratio of 1 indicates that put and call options are trading at equal prices. A put-call ratio greater than 1 indicates that put options are trading at a higher price than call options, while a put-call ratio less than 1 indicates that call options are trading at a higher price than put options.