Daily digest / ETH / 2026-09-21 · this week
ETH · Monday 21 Sep 2026 (UTC) · close
$2,799.67
+134.5 (+5.05%)
5th straight up day$30.2M liquidated
Asian-session rally, gains trimmed into the close
A steady start gave way at 02:00 UTC and ETH climbed $161 to $2,827. Put writers added the most fresh OI at $2,640 (+5,282 ETH). Call writers built positions at $2,800–$3,100, led by $3,000 (+7,247 ETH). Max pain moved from $2,250 to $2,300, following price up.
Spot
Max pain
PCR
15-min · UTC
Key levels for the next session
$3,000
Call wall · 78,477 ETH OI · Fresh calls +7,247 ETH
resistance
$2,800
Fresh calls +6,329 ETH
cap
$2,799.67
Close
●
$2,700
Fresh puts +4,985 ETH
support
$2,640
Fresh puts +5,282 ETH
support
$2,500
Put wall · 20,624 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 47.6%$62
Session range$165
One session moved 2.6× 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.