Fear and Greed Index vs the Put-Call Ratio
The put-call ratio reads options hedging; the Fear and Greed Index reads combined market sentiment.
One is a single signal, the other blends many.
Put-Call Ratio
Options · hedging demand
greed (calls)
fear (puts)
One options-based gauge of hedging.
Fear and Greed Index
Whole market · sentiment
Fear
Greed
Reads the crowd’s mood across a whole
market.
The key difference: the put-call ratio is one options signal; the index blends ten indicators.
Source: CFGI
Stocks