GOLD
Gold
GOLD
154126
Put-Call Ratio
Put OI
2,815
Call OI
4,132
PCR
0.68
OI Str %
-18.96 %
Put OI Chg
24
Call OI Chg
261
COI PCR
0.09
COI Str %
-83.00 %
On 9:30 GOLD was trading at 150728 with pcr value 0.61
On 9:45 GOLD was trading at 150709 with pcr value 0.57
On 10:00 GOLD was trading at 150785 with pcr value 0.54
On 10:15 GOLD was trading at 150564 with pcr value 0.55
On 10:30 GOLD was trading at 150229 with pcr value 0.54
On 10:45 GOLD was trading at 150574 with pcr value 0.54
On 11:00 GOLD was trading at 151554 with pcr value 0.54
On 11:15 GOLD was trading at 152350 with pcr value 0.55
On 11:30 GOLD was trading at 153675 with pcr value 0.63
On 11:45 GOLD was trading at 152778 with pcr value 0.62
On 12:00 GOLD was trading at 152160 with pcr value 0.64
On 12:15 GOLD was trading at 152113 with pcr value 0.63
On 12:30 GOLD was trading at 151906 with pcr value 0.63
On 12:45 GOLD was trading at 152070 with pcr value 0.63
On 13:00 GOLD was trading at 152666 with pcr value 0.64
On 13:15 GOLD was trading at 153000 with pcr value 0.66
On 13:30 GOLD was trading at 152709 with pcr value 0.66
On 13:45 GOLD was trading at 152525 with pcr value 0.66
On 14:00 GOLD was trading at 153131 with pcr value 0.66
On 14:15 GOLD was trading at 152925 with pcr value 0.66
On 14:30 GOLD was trading at 152721 with pcr value 0.66
On 14:45 GOLD was trading at 152450 with pcr value 0.66
On 15:00 GOLD was trading at 152519 with pcr value 0.66
On 15:15 GOLD was trading at 152688 with pcr value 0.66
On 15:30 GOLD was trading at 152849 with pcr value 0.66
On 15:45 GOLD was trading at 152946 with pcr value 0.66
On 16:00 GOLD was trading at 152455 with pcr value 0.66
On 16:15 GOLD was trading at 152878 with pcr value 0.66
On 16:30 GOLD was trading at 152900 with pcr value 0.66
On 16:45 GOLD was trading at 153081 with pcr value 0.66
On 17:00 GOLD was trading at 153461 with pcr value 0.65
On 17:15 GOLD was trading at 153639 with pcr value 0.65
On 17:30 GOLD was trading at 153616 with pcr value 0.66
On 17:45 GOLD was trading at 153740 with pcr value 0.66
On 18:00 GOLD was trading at 152900 with pcr value 0.66
On 18:15 GOLD was trading at 153641 with pcr value 0.68
On 18:30 GOLD was trading at 153687 with pcr value 0.68
On 18:45 GOLD was trading at 154456 with pcr value 0.68
On 19:00 GOLD was trading at 154326 with pcr value 0.68
On 19:15 GOLD was trading at 154959 with pcr value 0.68
On 19:30 GOLD was trading at 154387 with pcr value 0.68
On 19:35 GOLD was trading at 154202 with pcr value 0.68
Put-Call-Ratio Table for Commodity
Understanding PCR, COI Strength %, OI Strength %
PCR (Put-Call Ratio)
PCR = Put OI / Call OI
More puts than calls, potential support
Balanced market sentiment
More calls than puts, potential resistance
COI Strength %, OI Strength %
COI Strength % = ((PE COI - CE COI) / (|PE COI| + |CE COI|)) × 100
OI Strength % = ((PE OI - CE OI) / (|PE OI| + |CE OI|)) × 100
Strong put dominance
Balanced activity
Strong call dominance
Frequently Asked Questions
PCR is the ratio of total Put Open Interest to Call Open Interest. It's a contrarian indicator of market sentiment:
- High PCR (>1.2): More traders are holding puts, expecting a decline. However, this often acts as support (bullish) as market makers hedge by buying the underlying.
- Low PCR (<0.8): More traders are holding calls, expecting a rise. This often acts as resistance (bearish) as market makers hedge by selling the underlying.
- Neutral PCR (0.8-1.2): Balanced sentiment with no strong directional bias.
Remember: PCR is contrarian - extreme readings often signal reversals rather than continuation.
COI PCR (Change in OI PCR) measures the ratio of intraday Put OI change to Call OI change, making it more responsive than total OI PCR.
Key Differences:
- Regular PCR: Uses total accumulated Open Interest. Shows overall market positioning but changes slowly.
- COI PCR: Uses only today's OI changes. Captures fresh positioning and provides timely intraday signals.
Use Case: COI PCR helps identify intraday sentiment shifts before they reflect in total PCR, making it valuable for day traders and short-term positions.
COI Strength % = ((PE COI - CE COI) / (|PE COI| + |CE COI|)) × 100
This normalized indicator measures the directional bias of intraday Open Interest changes scaled to percent:
- > 60% (Bullish): Put side dominance - fresh put writing or buying suggests bullish positioning.
- -60% to 60% (Neutral): Balanced activity on both sides - no clear directional conviction.
- < -60% (Bearish): Call side dominance - fresh call writing or buying suggests bearish positioning.
Advantages over PCR:
- Normalized scale makes comparison across symbols easier
- Not affected by extreme ratios when one side is very small
- Clearly shows which side has stronger intraday momentum
OI Strength % = ((PE OI - CE OI) / (|PE OI| + |CE OI|)) × 100
This normalized indicator measures the directional bias of total Open Interest scaled to percent:
- > 60% (Bullish): Put OI dominance - more total puts than calls suggests bullish positioning.
- -60% to 60% (Neutral): Balanced total OI on both sides - no clear directional conviction.
- < -60% (Bearish): Call OI dominance - more total calls than puts suggests bearish positioning.
Difference from COI Strength %:
- OI Strength %: Uses total accumulated OI (all-time positions)
- COI Strength %: Uses only intraday OI changes (today's activity)
Use Case: OI Strength % shows overall market positioning, while COI Strength % shows fresh intraday momentum. Use both together for a complete picture.
PCR data updates based on the selected interval:
- 1 Minute Interval: Updates every minute during market hours, providing real-time intraday tracking.
- 1 Day Interval: Shows end-of-day PCR values for historical analysis and trend identification.
Note: OI data comes from the exchange and may have a slight delay. Premium users get access to faster refresh rates and more granular intervals.
Negative PCR occurs when Call OI Change is negative (unwinding) while Put OI Change is also negative, or vice versa.
Common Scenarios:
- PE > 0, CE < 0: Puts building, Calls unwinding → Strong bullish signal
- PE < 0, CE > 0: Puts unwinding, Calls building → Strong bearish signal
- Both negative: Both sides unwinding → Low conviction, neutral to ranging market
Tip: When PCR becomes negative or very large, use COI Strength % and OI Strength % instead - they handle these edge cases better and provide clearer directional signals.
Best Practices for Combining PCR with Price:
- Divergence Trading: If price is falling but COI PCR shows put buildup (>1.2), it may signal a bounce. If price is rising but COI PCR shows call buildup (<0.8), it may signal resistance.
- Confirmation: Use PCR to confirm price trends. Rising prices with increasing calls or falling prices with increasing puts suggests trend continuation.
- Extremes: Very high COI Strength % or OI Strength % (>60% or <-60%) combined with price at support/resistance can signal strong reversals.
- Intraday Pivots: Watch for sudden COI Strength % shifts (e.g., from +50% to -30%) as they often precede intraday trend changes.
Remember: PCR is a sentiment indicator, not a timing tool. Always combine with technical analysis, support/resistance levels, and risk management.
