Daily digest / ETH / 2026-09-08 · this week
ETH · Tuesday 8 Sep 2026 (UTC) · close
$2,503.72
-4.7 (-0.19%)
2nd straight down day$10.0M liquidated
Asian-session sell-off, buyers step in
A steady start gave way at 02:00 UTC and ETH slid $53 to $2,468. Put writers added the most fresh OI at $2,440 (+2,595 ETH). Call writers built positions at $2,550–$2,600, led by $2,600 (+3,714 ETH). Max pain held at $2,200 all session.
Spot
Max pain
PCR
15-min · UTC
Key levels for the next session
$2,800
Call wall · 59,949 ETH OI
resistance
$2,600
Fresh calls +3,714 ETH
cap
$2,550
Fresh calls +3,592 ETH
cap
$2,503.72
Close
●
$2,440
Fresh puts +2,595 ETH
support
$2,400
Fresh puts +1,077 ETH
support
$2,300
Put wall · 30,683 ETH OI
floor
Where writers added today
■ 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 40.5%$50
Session range$65
One session moved 1.3× the next-day straddle's full priced move.
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.
Descriptive summaries of recorded option-chain positioning, generated automatically — not trading signals or advice.
Read the disclaimer →
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.