Daily digest / ETH / 2026-09-16 · this week
ETH · Wednesday 16 Sep 2026 (UTC) · close
$2,433.29
+18.6 (+0.77%)
$12.3M liquidated
European-session sell-off, buyers step in
ETH slid $48 from $2,441 at 11:45 to $2,393 by 17:45 UTC. Put writers added the most fresh OI at $2,340 (+2,692 ETH). Call writers built positions at $2,420–$2,540, led by $2,480 (+3,545 ETH). Max pain moved from $2,300 to $2,250.
Spot
Max pain
$2,380 support
PCR
15-min · UTC
Key levels for the next session
$2,600
Call wall · 94,609 ETH OI
resistance
$2,540
Fresh calls +3,135 ETH
cap
$2,480
Fresh calls +3,545 ETH
cap
$2,433.29
Close
●
$2,380
Fresh puts +1,501 ETH · held the low
support
$2,340
Fresh puts +2,692 ETH
support
$2,300
Put wall · 42,658 ETH OI
floor
$2,250
Max pain
magnet
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 56.2%$68
Session range$57
The session used 83% of the next-day straddle's 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.