A live 0–100 read on options-market sentiment — built from put/call ratio, gamma exposure, and market breadth across the most actively traded tickers.
Computing market sentiment…
Like the well-known stock-market Fear & Greed gauge, this index compresses the mood of the options market into a single number from 0 (extreme fear) to 100 (extreme greed). It reads live options chains across a curated watchlist of the most actively traded US tickers and blends three signals traders already watch:
How many of the tracked tickers lean bullish versus bearish, based on each name's put/call activity and positioning. Broad bullishness pushes the needle toward greed.
The aggregate ratio of put to call volume. A low put/call ratio means traders are buying calls and leaning greedy; a high ratio means they are hedging with puts, leaning fearful.
The share of tickers sitting in a positive gamma exposure (GEX) regime, where dealer hedging dampens volatility and stabilizes price. A market mostly in positive GEX is calmer — a greed-side signal.
The gauge refreshes every 5 minutes. It is a sentiment summary, not a trade signal — and it is deliberately an aggregate. For live, per-ticker Greeks, intraday gamma, and options-flow detection, open the dashboard.
Per-ticker Greeks, Gamma Exposure by expiration, IV surface, real-time flow detection and WebSocket streaming. Free account, no card required.