Put Call Ratio (PCR) Calculator

Compute and interpret the Put-Call Ratio across open interest and volume metrics.

Interactive PCR Calculator

Total Put Open Interest (Units/Contracts)

Total Call Open Interest (Units/Contracts)

Calculated Put-Call Ratio (PCR)

1.18

Market Sentiment Reading

Bullish Sentiment (Potential Oversold / Support)

What Is the Put Call Ratio (PCR)?

The Put-Call Ratio (PCR) is a popular technical derivative indicator calculated by dividing total Put contract volume or open interest by total Call contract volume or open interest.

Mathematical Formula:

PCR (OI) = Total Put Open Interest / Total Call Open Interest

Standard Interpretation Guidelines

PCR > 1.2 (Bullish / Contrarian Oversold): High put writing indicates strong downside support levels.
PCR < 0.8 (Bearish / Contrarian Overbought): High call writing indicates significant overhead resistance.
0.8 to 1.2 (Neutral / Consolidation): Indicates balanced derivative positioning between buyers and sellers.

Limitations of PCR

PCR should never be used as a standalone trading signal. It must be combined with technical price action, trend confirmation, macro market events, and broader risk management rules.

Read complete in-depth guide: Detailed Put Call Ratio (PCR) Guide →