Asian-session rally, closes near the highs

A steady start gave way at 00:15 UTC and ETH climbed $146 to $2,587. Put writers added the most fresh OI at $2,400 (+4,087 ETH). Call writers built positions at $2,550–$2,800, led by $2,800 (+5,878 ETH). Max pain held at $2,100 all session.

Spot Max pain PCR 15-min · UTC

Open$2,444

High · 22:21$2,592

Low · 00:08$2,441

Avg PCR0.56

Max pain$2,100

Liquidations$9.8M

Key levels for the next session

$2,800 Call wall · 53,913 ETH OI · Fresh calls +5,878 ETH resistance

$2,680 Fresh calls +1,817 ETH cap

$2,585.24 Close ●

$2,400 Fresh puts +4,087 ETH support

$2,300 Fresh puts +1,826 ETH · Put wall · 20,588 ETH OI support

Where writers added today

$2,800

+5,878 ETH

$2,680

+1,817 ETH

$2,550

+1,295 ETH

$2,400

+4,087 ETH

$2,300

+1,826 ETH

$2,440

+1,404 ETH

■ calls ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Next-day ATM straddle at open · IV 58.0%$68

Session range$152

One session moved 2.2× the next-day straddle's full priced move.

Last 6 sessions

08-21 $2,589 —
PCR 0.54
MP $2,100 08-22 $2,498 -91
PCR 0.56
MP $2,100 08-23 $2,543 +45
PCR 0.56
MP $2,100 08-24 $2,560 +17
PCR 0.55
MP $2,100 08-25 $2,446 -114
PCR 0.55
MP $2,100 08-26 $2,585 +139
PCR 0.56
MP $2,100

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. Disclaimer →

Asian-session rally, closes near the highs

Key levels for the next session

Where writers added today

Move vs what options priced

Last 6 sessions

Related reading

Max pain today →

PCR today →

BTC vs index options →