Put/Call $ Ratio: Screen by Where the Options Dollars Are
Use the Put/Call $ Ratio filter to keep underlyings whose session put premium vs call premium matches the lean you want before selling CC or CSP premium.
What Put/Call $ Ratio measures
Put/Call $ Ratio is put premium ÷ call premium traded on the underlying for the latest session. It is money-weighted, not classic volume PCR (contracts).
- Below 1 — more dollars in calls than puts.
- Above 1 — more dollars in puts than calls.
- Same value on every contract row for that ticker (ticker-level flow, not this strike).
Where to find it
In Price & Premium on either screener:
Some plans show the control locked until you upgrade.
How to use it on the wheel
- Open a screener and expand advanced filters.
- Under Price & Premium, set Put/Call $ Ratio.
- Example: want names with heavier put dollars than call dollars → raise the min toward 1.0–1.5.
- Pair with your usual Delta, DTE, and Yield (or Annualized Return) so flow lean does not replace risk and income filters.
Tips
- This is not CBOE volume PCR. Tooltips say “premium-based” for a reason.
- Extreme ratios on quiet tickers can be noise — keep Volume / liquidity cleanup on.
- Session flow updates with the day’s tape; re-run search after the open if you care about fresh lean.
Next steps
- Dollar credit floor: Premium filter.
- Assignment odds: Delta filter.
Frequently Asked Questions
Is Put/Call $ Ratio the same as classic put/call volume?
No. Classic PCR uses contract volume. Ours uses put premium dollars ÷ call premium dollars for the session, so a few large prints weigh more than many tiny ones.
Do I need Ultra to use this filter?
Yes. Put/Call $ Ratio is Ultra-only, like Theta, Gamma, and Vega filters. Pro and free can see the control but need Ultra to apply it.
Should I only sell puts when the ratio is high?
Not by itself. Use the ratio as context for where money is leaning, then still enforce your delta, DTE, yield, and liquidity rules. Flow lean is a filter, not a trade signal.