Put Volume is reported each day in the Founder’s Notes as the total number of puts which traded by the close of the day before.

More puts being traded can often indicate a bearish tone in the market. This is not a proprietary SpotGamma metric but it can be compared directly against our key levels such as the Put Wall. You can also scan for ranking put volume in our Equity Hub™. 

Sentiment can move markets, rationally or irrationally, and you can develop your own strategy to either trade with momentum or turn contrarian (fade the market by trading in the opposite direction) when euphoria appears to be too extreme, such as from excessive put volume.