Daily digest / ETH / 2026-09-22 · this week
ETH · Tuesday 22 Sep 2026 (UTC) · close
$2,776.46
-23.2 (-0.83%)
$10.2M liquidated
Selling from the open, buyers step in
ETH slid $56 from $2,799 at 00:00 to $2,743 by 05:30 UTC. Put writers added the most fresh OI at $2,700 (+4,182 ETH). Call writers built positions at $2,700–$3,000, led by $3,000 (+4,373 ETH). Max pain held at $2,300 all session.
Spot
Max pain
$2,750 support
PCR
15-min · UTC
Key levels for the next session
$3,000
Call wall · 82,850 ETH OI · Fresh calls +4,373 ETH
resistance
$2,950
Fresh calls +1,238 ETH
cap
$2,776.46
Close
●
$2,750
Fresh puts +3,532 ETH · held the low
support
$2,700
Fresh puts +4,182 ETH
support
$2,500
Put wall · 22,237 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 58.2%$81
Session range$60
The session used 74% 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.