Options flow tracks where traders are positioning via the options market — particularly put/call ratios (PCR), implied volatility (IV), and unusual option volume. A spike in put volume with stable share price suggests hedging or bearish positioning; unusual call volume can precede catalyst-driven moves.
ORTEX tracks PCR against its 20-day mean and flags z-score outliers — those are what trigger options pulses on ORTEX News.
Key options metrics ORTEX News tracks: put/call ratio (PCR), 20-day PCR mean and standard deviation, PCR z-score, and 52-week PCR high/low.