Daily digest / ETH / 2026-09-23 · this week
ETH · Wednesday 23 Sep 2026 (UTC) · close
$2,705.47
-71.0 (-2.56%)
2nd straight down day$21.2M liquidated
Asian-session sell-off, losses pared into the close
A steady start gave way at 04:30 UTC and ETH slid $132 to $2,671. Put writers added the most fresh OI at $2,600 (+10,673 ETH). Call writers built positions at $2,700–$2,740, led by $2,700 (+2,478 ETH). Max pain held at $2,300 all session.
Spot
Max pain
$2,660 support
PCR
15-min · UTC
Key levels for the next session
$3,000
Call wall · 81,611 ETH OI
resistance
$2,740
Fresh calls +2,343 ETH
cap
$2,720
Fresh calls +1,358 ETH
cap
$2,705.47
Close
●
$2,660
Fresh puts +5,302 ETH · held the low
support
$2,600
Fresh puts +10,673 ETH · Put wall · 30,099 ETH OI
support
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 46.0%$66
Session range$149
One session moved 2.3× 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.