Most Put-Heavy Options Activity

Put contracts traded today for every call contract traded. Above 1.00 means more puts changed hands than calls. Restricted to names with genuine activity on both sides, because a ratio built on a handful of call contracts measures the denominator, not the market.

September 8, 2026 · 864 symbols met the liquidity bar of 50,000 open contracts · showing 100

#	Symbol	P/C volume	Puts	Calls	P/C open int.	Total vol	Ticker analysis
1	VFC Consumer Cyclical	35.26	209,241	5,934	1.25	215,175	Analysis
2	HYG Financial Services	10.68	274,100	25,659	3.58	299,759	Analysis
3	DOW Basic Materials	6.62	47,313	7,143	1.00	54,456	Analysis
4	LQD Financial Services	5.12	104,653	20,432	1.68	125,085	Analysis
5	GE Industrials	4.25	32,918	7,750	0.86	40,668	Analysis
6	QXO Industrials	2.95	20,429	6,925	0.25	27,354	Analysis
7	VALE Basic Materials	2.22	18,830	8,486	0.88	27,316	Analysis
8	IGV Financial Services	2.18	42,372	19,458	2.26	61,830	Analysis
9	KRE Financial Services	2.08	17,684	8,508	1.95	26,192	Analysis
10	XLE Financial Services	2.02	68,836	34,123	1.63	102,959	Analysis
11	CAT Industrials	1.88	18,329	9,732	1.16	28,061	Analysis
12	FIGR Financial Services	1.72	12,407	7,210	0.58	19,617	Analysis
13	SMH Financial Services	1.68	246,234	146,965	1.64	393,199	Analysis
14	SPX Index	1.66	257,383	155,405	1.41	412,788	Analysis
15	FSLY Technology	1.64	11,043	6,722	0.89	17,765	Analysis
16	GLXY Financial Services	1.62	32,317	19,895	0.51	52,212	Analysis
17	WBD Communication Services	1.50	54,804	36,566	2.48	91,370	Analysis
18	CPB Consumer Defensive	1.48	8,212	5,544	0.99	13,756	Analysis
19	VZ Communication Services	1.46	22,646	15,558	0.74	38,204	Analysis
20	NCLH Consumer Cyclical	1.45	14,972	10,332	0.90	25,304	Analysis
21	XLP Financial Services	1.43	17,592	12,319	3.52	29,911	Analysis
22	INTU Technology	1.40	7,466	5,328	0.94	12,794	Analysis
23	TJX Consumer Cyclical	1.38	8,782	6,352	0.69	15,134	Analysis
24	SBUX Consumer Cyclical	1.38	11,825	8,557	1.12	20,382	Analysis
25	CRM Technology	1.38	48,256	35,044	1.04	83,300	Analysis
26	SNPS Technology	1.27	7,679	6,048	1.08	13,727	Analysis
27	IWM Financial Services	1.27	611,760	483,348	2.48	1,095,108	Analysis
28	LULU Consumer Cyclical	1.24	223,177	180,502	0.80	403,679	Analysis
29	SPY Financial Services	1.21	5,416,200	4,487,143	2.48	9,903,343	Analysis
30	RARE Healthcare	1.19	22,055	18,535	1.36	40,590	Analysis
31	ARKK Financial Services	1.17	27,773	23,833	1.50	51,606	Analysis
32	MO Consumer Defensive	1.16	6,591	5,697	1.02	12,288	Analysis
33	GEV Utilities	1.15	6,373	5,521	1.42	11,894	Analysis
34	XLK Financial Services	1.13	8,929	7,910	1.74	16,839	Analysis
35	MCD Consumer Cyclical	1.12	27,278	24,356	0.65	51,634	Analysis
36	AAL Industrials	1.08	23,919	22,208	1.68	46,127	Analysis
37	TQQQ Financial Services	1.07	170,566	159,771	0.81	330,337	Analysis
38	PLTR Technology	1.07	262,373	245,772	1.04	508,145	Analysis
39	ASML Technology	1.07	16,013	15,027	1.19	31,040	Analysis
40	WFC Financial Services	1.06	14,943	14,058	1.44	29,001	Analysis
41	RCAT Technology	1.05	8,315	7,941	0.35	16,256	Analysis
42	DIA Financial Services	1.03	24,491	23,736	1.54	48,227	Analysis
43	COST Consumer Defensive	1.02	21,390	21,025	1.02	42,415	Analysis
44	PANW Technology	1.02	30,975	30,462	0.98	61,437	Analysis
45	XSP Index	1.01	140,035	139,083	2.37	279,118	Analysis
46	QQQ Financial Services	1.00	3,701,455	3,693,281	1.36	7,394,736	Analysis
47	USO Financial Services	0.99	89,216	89,841	1.26	179,057	Analysis
48	NET Technology	0.99	5,021	5,086	0.81	10,107	Analysis
49	BX Financial Services	0.97	5,625	5,791	1.50	11,416	Analysis
50	DKS Consumer Cyclical	0.97	5,264	5,436	0.74	10,700	Analysis
51	SOXL Financial Services	0.97	263,085	272,245	1.67	535,330	Analysis
52	SILJ Financial Services	0.96	38,614	40,427	0.25	79,041	Analysis
53	C Financial Services	0.95	23,867	25,127	1.35	48,994	Analysis
54	ONON Consumer Cyclical	0.94	5,649	6,022	0.94	11,671	Analysis
55	XLU Financial Services	0.94	10,121	10,812	2.24	20,933	Analysis
56	CELH Consumer Defensive	0.93	12,051	12,933	0.40	24,984	Analysis
57	LQDA Healthcare	0.93	11,579	12,483	0.45	24,062	Analysis
58	MDB Technology	0.92	15,581	16,890	0.64	32,471	Analysis
59	GS Financial Services	0.91	16,078	17,683	0.91	33,761	Analysis
60	ASHR Financial Services	0.90	7,113	7,903	0.99	15,016	Analysis
61	XBI Financial Services	0.90	9,362	10,407	1.21	19,769	Analysis
62	CRWD Technology	0.89	40,356	45,505	0.95	85,861	Analysis
63	UEC Energy	0.88	7,060	7,984	0.52	15,044	Analysis
64	PDD Consumer Cyclical	0.88	10,643	12,073	0.72	22,716	Analysis
65	T Communication Services	0.88	48,373	55,036	0.68	103,409	Analysis
66	EWZ Financial Services	0.88	108,825	123,924	0.30	232,749	Analysis
67	DELL Technology	0.87	157,464	180,011	1.46	337,475	Analysis
68	CHWY Consumer Cyclical	0.87	6,960	7,959	0.66	14,919	Analysis
69	ADI Technology	0.87	5,682	6,519	0.67	12,201	Analysis
70	PATH Technology	0.87	98,771	113,345	0.56	212,116	Analysis
71	NOW Technology	0.87	42,618	49,193	0.87	91,811	Analysis
72	SOXX Financial Services	0.86	21,286	24,817	1.29	46,103	Analysis
73	OKTA Technology	0.85	4,618	5,412	1.25	10,030	Analysis
74	AMBA Technology	0.84	11,636	13,844	0.79	25,480	Analysis
75	AA Basic Materials	0.84	5,142	6,154	0.92	11,296	Analysis
76	LYFT Technology	0.83	8,126	9,778	0.72	17,904	Analysis
77	CIEN Technology	0.81	7,736	9,497	1.02	17,233	Analysis
78	NVO Healthcare	0.80	16,660	20,919	0.62	37,579	Analysis
79	SCHW Financial Services	0.79	5,092	6,412	0.85	11,504	Analysis
80	MS Financial Services	0.79	6,768	8,553	1.45	15,321	Analysis
81	MOS Basic Materials	0.79	13,282	16,885	0.65	30,167	Analysis
82	FXI Financial Services	0.78	28,842	37,155	0.97	65,997	Analysis
83	RGTI Technology	0.78	15,011	19,357	0.75	34,368	Analysis
84	SPCX Financial Services	0.77	356,507	462,178	1.10	818,685	Analysis
85	SNDK Technology	0.76	218,089	285,630	1.24	503,719	Analysis
86	FCEL Industrials	0.76	4,651	6,108	0.41	10,759	Analysis
87	BMY Healthcare	0.76	4,302	5,650	0.88	9,952	Analysis
88	LUNR Industrials	0.76	7,271	9,601	0.62	16,872	Analysis
89	TTWO Technology	0.74	6,530	8,773	0.68	15,303	Analysis
90	ADBE Technology	0.74	33,517	45,090	0.67	78,607	Analysis
91	DOCU Technology	0.74	13,720	18,542	1.13	32,262	Analysis
92	STX Technology	0.74	11,570	15,697	1.50	27,267	Analysis
93	COHR Technology	0.73	12,718	17,337	1.26	30,055	Analysis
94	TSM Technology	0.73	63,138	86,460	1.11	149,598	Analysis
95	TEM Healthcare	0.73	10,702	14,685	0.51	25,387	Analysis
96	EWY Financial Services	0.73	54,368	74,857	0.88	129,225	Analysis
97	UBER Technology	0.73	45,286	62,448	1.00	107,734	Analysis
98	PEP Consumer Defensive	0.72	11,075	15,277	0.49	26,352	Analysis
99	ZIM Industrials	0.72	4,164	5,759	0.65	9,923	Analysis
100	IOVA Healthcare	0.72	5,055	7,008	0.46	12,063	Analysis

Ranked among the 373 symbols that traded at least 5,000 call contracts today and carry at least 50,000 open contracts. Without that first floor the top of this list is arithmetic: the highest raw ratio in today’s universe is 250.0, on two call contracts.

The other end: most call-heavy

Same session, same eligibility floor, sorted the other way — names where call volume most outweighed puts today.

SIRI0.00 PPTA0.01 EWT0.01 WRBY0.02 CNH0.04 SBLK0.05 EQX0.05 DPRO0.05 DHT0.05 IEP0.05 KHC0.06 AI0.07

How this list is built

What the ratio counts

Today’s put volume divided by today’s call volume, across every strike and expiry. Put/call ratio is the oldest sentiment gauge in options, and the most frequently over-read.

Why put-heavy is not the same as bearish

A bought put and a sold put are opposite trades and both add to put volume. Only about 3.5% of legs print with a visible aggressor, so for the overwhelming majority we cannot tell which side initiated. Heavy put volume is equally consistent with hedging a long position, with someone selling puts to get paid for downside they want, and with an outright bearish bet.

Volume ratio versus open-interest ratio

The volume ratio is one session; the open-interest ratio is the accumulated position. They disagree often, and the disagreement is the interesting part — a name with a high volume ratio and a low OI ratio is having something happen today that its standing positioning does not reflect.

Where the floor comes from

Any ratio explodes when its denominator approaches zero. We require 5,000 call contracts before a name is eligible, which leaves 373 of the 1,721 symbols we publish today. The rest still have their own put/call page; they are just not rankable against each other.

Other rankings

Closest to max pain Nearest their call wall Most expensive vs their own history Most active options Biggest expected move

Go deeper on any name

Every symbol above has a full options analysis page, with its gamma walls, max pain, IV rank, option chain and put/call ratio alongside it.

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