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<p style="color: #666; font-size: 14px; line-height: 1.8; margin: 15px 0;">The Put-Call Ratio is a commonly used indicator in options trading that compares the number of put options to call options traded in the market. It is calculated by dividing the total number of outstanding open interest of put options by the total number of outstanding open interest of call options.</p>
 
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<h3 style="color: #007bff; font-size: 16px; margin: 10px 0; font-weight: bold;">How to calculate the Put-Call Ratio?</h3>
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<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #007bff;">Step 1:</strong> Determine the total open interest of put options for a specific expiration date.</p>
<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #007bff;">Step 2:</strong> Determine the total open interest of call options for the same expiration date.</p>
<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #007bff;">Step 3:</strong> Divide the total open interest of put options by the total open interest of call options.</p>
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<h3 style="color: #333; font-size: 16px; margin: 10px 0; font-weight: bold;">How to Interpret the Put-Call Ratio?</h3>
 
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<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #28a745;">Put-Call Ratio below 1:</strong> <span style="color: #666;">A ratio below 1 suggests that the number of call options being traded is higher than put options. This indicates a bullish sentiment in the market, as more traders are betting on rising prices.</span></p>
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<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #dc3545;">Put-Call Ratio above 1:</strong> <span style="color: #666;">A ratio above 1 indicates that the number of put options being traded is higher than call options. This suggests a bearish sentiment, as more traders are speculating on falling prices.</span></p>
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<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #ff9800;">Extreme levels:</strong> <span style="color: #666;">When the Put-Call Ratio reaches extreme levels, such as very high or very low readings, it can indicate potential market reversals or overbought/oversold conditions. Very high readings may suggest excessive bearishness and could signal a contrarian buying opportunity, while very low readings may indicate excessive bullishness and could signal a contrarian selling opportunity.</span></p>
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<p style="color: #666; font-size: 14px; margin: 8px 0;"><strong style="color: #6f42c1;">Contrarian indicator:</strong> <span style="color: #666;">The Put-Call Ratio is often used as a contrarian indicator, meaning that extreme readings can suggest market sentiment is overly optimistic or pessimistic, potentially indicating a reversal in the near future.</span></p>
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<p style="color: #666; font-size: 14px; line-height: 1.8; margin: 15px 0;">It's important to note that the interpretation of the Put-Call Ratio should be used in conjunction with other technical indicators and analysis techniques. It provides insight into market sentiment but should not be relied upon as a standalone indicator for trading decisions.</p>
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