US-session rally, closes near the highs
A steady start gave way at 15:15 UTC and ETH climbed $44 to $2,540. Put writers added the most fresh OI at $2,460 (+1,699 ETH). Call writers built positions at $2,540–$2,800, led by $2,800 (+1,921 ETH). Max pain held at $2,200 all session.
Key levels for the next session
Where writers added today
Move vs what options priced
Last 6 sessions
Reading these numbers
- Max pain is the strike where option buyers collectively lose the most at expiry. It often drifts with price.
- Fresh OI shows where option writers opened new positions during the session. Heavy put writing below price often marks a level sellers expect to hold; heavy call writing above marks a ceiling.
- PCR is put OI ÷ call OI, summed across every Deribit expiry. Crypto usually runs lower than Indian indices.
- Straddle vs range compares the ATM straddle price at the open (what options priced in) with the distance price actually covered.
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.