Selling from the open, losses pared into the close
ETH slid $14 from $1,890 at 16:49 to $1,876 by 23:30 UTC. Put writers added the most fresh OI at $1,850 (+1,131 ETH). Call writers built positions at $1,880–$2,100, led by $1,900 (+713 ETH). Max pain held at $1,950 all session.
Key levels for the next session
Where writers added today
Move vs what options priced
Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.
Related reading
Max pain today →
Live aggregate max pain lander.
PCR today →
Current put-call ratio snapshot.
BTC vs index options →
How crypto expiry and settlement differ.