The median is SPY's put/call volume ratio for contracts 1 to 3 weeks out over the last 11 sessions. 5,310 put and 1,483 call contracts by 09:37 ET on Oct 23, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
CCalls1,483
PPuts5,310
contracts
Evidence
The numbers behind this snapshot, Oct 23, 2026, 09:37 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)
1,483
PPut volume (contracts)
5,310
CCall open interest, prior settlement
25,073
PPut open interest, prior settlement
104,099
CCall premium, est. (USD)
$1.4M
PPut premium, est. (USD)
$5.5M
Put/call volume ratio
3.6x
Days to expiry
14
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): 5,310; Ratio: 3.58
Contracts traded behind each figure
Calls: 26; Puts: 36
Baseline
median put/call volume ratio, contracts 1 to 3 weeks out: 1.14
Baseline window
last 20 sessions
Baseline n
11
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 put/call volume ratio for contracts 1 to 3 weeks out over the last 11 sessions. 371,322 put and 79,902 call contracts by 14:42 ET on Oct 23, 2026. Tracked: up to 40 strikes around the money across 33 expirations.
SPY calls expiring that date in the strikes we track traded 0.5x their open interest, by 09:37 ET on Oct 23, 2026. Tracked: up to 40 strikes around the money across 33 expirations.