Asian-session sell-off, closes near the lows
A steady start gave way at 01:45 UTC and ETH slid $58 to $2,486. Put writers added the most fresh OI at $2,500 (+1,954 ETH). Call writers built positions at $2,550–$2,700, led by $2,700 (+11,014 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.