what is option chain pcr ?

The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.

bearish
The Put-Call Ratio (PCR) is a useful indicator to understand the market sentiment at any given time. A high PCR suggests a bearish market, while a low PCR signals bullish tendencies. It helps investors assess whether the market is leaning towards optimism or pessimism, which can shape investment strategies.

A good PCR ratio depends on the market context, but generally, a PCR below 0.7 indicates bullish sentiment (potential market rise), while a PCR above 1.2 suggests bearish sentiment (potential market decline)