SPY put/call volume ratio held at 1.16 within 3 weeks, against 2.51 1 to 3 months out
As of , published from Oct 16, 2026, 10:02 ET. The evidence table and the rule that fired are at squawkflow.com/options-flow/2026-10-16/spy-term-structure, where the follow-up at the next settlement and at expiry is added once each is recorded. Source: Schwab options chain.
Within 3 weeks: 386,752 put and 334,031 call contracts. 1 to 3 months out: 10,797 put and 4,303 call contracts. By 09:47 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
< 3 wks334,031 C / 386,752 P
1-3 mo4,303 C / 10,797 P
Evidence
The numbers behind this snapshot, Oct 16, 2026, 09:47 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
CCalls within 3 weeks (contracts)
334,031
PPuts within 3 weeks (contracts)
386,752
CCalls 1 to 3 months out (contracts)
4,303
PPuts 1 to 3 months out (contracts)
10,797
Put/call ratio within 3 weeks
1.2x
Put/call ratio 1 to 3 months out
2.5x
Near ratio / far ratio
0.46x
Why it fired
Rule
near (<= 21 days) put/call ratio >= 2.0 x or <= 1/2.0 x the 22-92 day ratio (absolute: baseline n 0 < 5); each side >= 1000
Values that cleared it
Near ratio / far ratio: 0.461
Contracts traded behind each figure
Far calls: 137; Far puts: 146; Near calls: 376; Near puts: 338
The median is SPY's put/call volume ratio for contracts 1 to 3 months out over the last 6 sessions. 41,279 put and 15,951 call contracts by 15:57 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 32 expirations.
The median is SPY's put/call volume ratio for contracts 1 to 3 weeks out over the last 6 sessions. 157,210 put and 60,227 call contracts by 15:52 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
SPY puts expiring that date in the strikes we track traded 0.8x their open interest, by 09:52 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
The median is SPY's put/call volume ratio for contracts 1 to 3 months out over the last 6 sessions. 5,076 put and 1,667 call contracts by 09:42 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
The median is SPY's put/call volume ratio for contracts within a week over the last 6 sessions. 5,025 put and 2,206 call contracts by 09:42 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
The median is SPY's call/put volume ratio for contracts within a week over the last 6 sessions. 3,462 call and 1,575 put contracts by 09:37 ET on Oct 16, 2026. Tracked: up to 40 strikes around the money across 33 expirations.