Put-call Ratios Near Extreme Lows (Preview)
By Lawrence G. McMillan
With euphoria abounding in the stock market, call buying has been rampant. That has forced the put-call ratios to drop precipitously. The weighted ratio is at a multi-year low, and the standard ratio is heading lower quickly as well. Let’s look at six-year charts for each – and include the CBOE equity-only ratio as well. First, consider the weighted ratio. The graph above goes back to 2019.