Put Volume is the total number of puts which traded yesterday.

Why does Put Volume matter?

The more puts that traded can often indicate a bearish tone of the market. This is not a proprietary SpotGamma metric and should be compared to the CP Gam Tilt and other SpotGamma Key Levels such as the Put Wall.

How to use Put Volume

Sentiment matters and you can develop your own strategy to either trade with momentum or turn contrarian (trade in the opposite direction) when the market becomes too bearish. This is not a proprietary SpotGamma metric and should be compared to the CP Gam Tilt and other SpotGamma Key Levels such as the Put Wall.