The median is JPM's put/call volume ratio for contracts 1 to 3 months out over the last 7 sessions. 2,723 put and 1,717 call contracts by 12:23 ET on Oct 19, 2026. Tracked: up to 40 strikes around the money across 15 expirations.
CCalls1,717
PPuts2,723
contracts
Evidence
The numbers behind this snapshot, Oct 19, 2026, 12:23 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)
1,717
PPut volume (contracts)
2,723
CCall open interest, prior settlement
40,189
PPut open interest, prior settlement
40,443
CCall premium, est. (USD)
$479K
PPut premium, est. (USD)
$640K
Put/call volume ratio
1.6x
Days to expiry
32
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): 2,723; Ratio: 1.59
Contracts traded behind each figure
Calls: 25; Puts: 24
Baseline
median put/call volume ratio, contracts 1 to 3 months out: 0.6
Baseline window
last 20 sessions
Baseline n
7
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.
$565K est. of $1.4M est. across the JPM strikes we track, by 09:54 ET. Calls $365K, puts $200K. Tracked: up to 40 strikes around the money across 15 expirations.