Put/Call Ratio (PCR)

The Put/Call Ratio (PCR) is an indicator that plots put volume divided by call volume. Put options give the owner the right to sell a certain amount of an underlying security at a fixed price within a specified time frame. They can be used if you expect a decline. Call options give the owner the right to buy a certain amount of an underlying security at a fixed price within a specified time frame. They can be used if you expect an advance. If the PCR value is higher than 1, this means put volume is higher than call volume.

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tradingview.com

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