Asian-session sell-off, losses pared into the close

A steady start gave way at 01:30 UTC and ETH slid $107 to $2,443. Put writers added the most fresh OI at $2,250 (+2,758 ETH). Call writers built positions at $2,620–$2,680, led by $2,620 (+2,402 ETH). Max pain moved from $2,150 to $2,200. PCR fell from 0.59 to 0.55.

Spot Max pain PCR 15-min · UTC

Open$2,533

High · 01:33$2,556

Low · 16:25$2,438

Avg PCR0.56

Max pain$2,200

Liquidations$17.1M

Key levels for the next session

$2,660 Fresh calls +1,788 ETH cap

$2,620 Fresh calls +2,402 ETH cap

$2,500 Call wall · 81,444 ETH OI resistance

$2,462.25 Close ●

$2,250 Fresh puts +2,758 ETH support

$2,200 Max pain · Fresh puts +2,735 ETH · Put wall · 37,691 ETH OI magnet

Where writers added today

$2,620

+2,402 ETH

$2,660

+1,788 ETH

$2,680

+1,452 ETH

$2,250

+2,758 ETH

$2,200

+2,735 ETH

$2,300

+2,178 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 57.1%$74

Session range$117

One session moved 1.6× the next-day straddle's full priced move.

Last 6 sessions

08-23 $2,543 —
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 08-27 $2,532 -53
PCR 0.58
MP $2,150 08-28 $2,462 -70
PCR 0.56
MP $2,200

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 sell-off, losses pared into the close

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 →