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Put Call Volume Comparison Indicator

by Patrick Fonce, 3359 days ago
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Individual Stocks Put and Call Volume is a trading object I have uploaded few months ago. It downloads options put and call volume for each US stock. It gets the data from the Options Clearing Corporation - OCC - website and stores it in a custom database.

The Put Call Volume Comparison Indicator uses this data to create a composite that compares put and call volume for each stock and then aggregates the individual results. To be more specific, this market breadth indicator is the ratio of the number of stocks that have more put volume than call volume (Number of call options shares traded) during a particular date divided by the number of stocks that have more call volume than put volume.

Generally, this composite is considered bullish when its value is lower than one because in this case there are more stocks with higher call volume than put volume.
This Put Call Indicator can be smoothed using a simple moving average and used as a market timing indicator to trade the stock market.

Other market indicators computed from put options and call options data include the Equity Put-Call Ratio (From the Chicago Board Options Exchange - CBOE), EOX Put-Call Ratio (PCR) and Put-Call Ratio Index using Market Makers Trades. These Put Call Ratios are different from the current indicator in that they are based on the put and call volume calculated separately for all stocks instead of put and call data from individual stocks.




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Type: Composite Index

Object ID: 705


Country:
United States

Market: Stock Market

Style:
Technical Analysis

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