The median is SPY's put/call volume ratio for contracts 1 to 3 weeks out over the last 5 sessions. 174,086 put and 32,111 call contracts by 12:17 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
CCalls32,111
PPuts174,086
contracts
Evidence
The numbers behind this snapshot, Oct 15, 2026, 12:17 ET. Session volume from delayed options chain snapshots, published at least 15 minutes after capture. Totals cover the strikes captured around the money, not every listed strike. Not individual trades. Premium is an estimate: volume times the quote midpoint.
Measure
Value
CCall volume (contracts)
32,111
PPut volume (contracts)
174,086
CCall open interest, prior settlement
116,843
PPut open interest, prior settlement
259,985
CCall premium, est. (USD)
$17.9M
PPut premium, est. (USD)
$72.7M
Put/call volume ratio
5.4x
Days to expiry
15
Why it fired
Rule
put/call volume >= max(1.5, 1.75 x baseline median); put volume >= 2000
Values that cleared it
Put volume (contracts): 174,086; Ratio: 5.42
Contracts traded behind each figure
Calls: 38; Puts: 39
Baseline
median put/call volume ratio, contracts 1 to 3 weeks out: 1
Baseline window
last 20 sessions
Baseline n
5
Claim level
2, compared with a baseline
Last-trade position, raw counts
Count of contracts whose single last trade sat near the ask or bid. Not the side of the session's volume. It is not used in the headline.
Count of contracts by where their single last trade sat against the quote.
The median is SPY's call/put volume ratio for contracts more than 3 months out over the last 5 sessions. 12,544 call and 7,725 put contracts by 09:57 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
Within 3 weeks: 621,207 put and 494,296 call contracts. 1 to 3 months out: 21,788 put and 8,009 call contracts. By 09:52 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
The median is SPY's put/call volume ratio for contracts 1 to 3 months out over the last 5 sessions. 7,610 put and 2,712 call contracts by 09:47 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
SPY calls expiring that date in the strikes we track traded 0.6x their open interest, by 09:37 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
The median is SPY's call/put volume ratio for contracts within a week over the last 5 sessions. 4,673 call and 2,972 put contracts by 09:37 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
The median is SPY's call/put volume ratio for contracts 1 to 3 weeks out over the last 5 sessions. 4,760 call and 716 put contracts by 09:32 ET on Oct 15, 2026. Tracked: up to 40 strikes around the money across 34 expirations.