[Nasdaq 100 Put/Call Ratio Rises to Highest Level Since 2022 Bear Market Low] BlockBeats News, February 26, according to The Kobeissi Letter, the put-to-call ratio for the Nasdaq 100 index has risen to 1.2, the highest level since the bear market low of 2022, indicating increased hedging by investors in tech stocks. This surpasses the peak in April 2025 and exceeds any other reading in the past 12 years, except for 2022, when the ratio reached 2.3. In addition, the total put-to-call ratio for the S&P 500 index has risen to 0.9, the highest level since April 2025. This is consistent with levels seen during market pullbacks of 3-5% since early 2024. Furthermore, the current trading volume of put options, measured in dollar terms, is at the second-highest level in nearly two years compared to call options, second only to levels seen prior to April 2025.