A few Put/call charts.
CPC daily chart with a smoothed average looks a bit extreme
CPC weekly “is not there yet”. Notice also the divergence in CPC & SPX before the last major tops.
CPCE weekly not yet at extreme levels.
CPCI daily is for sure very extreme.
Same goes for weekly CPCI, notice though what happened last few times before before a major drop on SPX; CPCI rised before a major trend reversal.