Daily digest / ETH / 2026-09-25 · this week
ETH · Friday 25 Sep 2026 (UTC) · close
$2,708.30
+3.4 (+0.13%)
$16.6M liquidated
Asian-session rally, sellers fade it
A steady start gave way at 07:45 UTC and ETH climbed $70 to $2,757. Put writers added the most fresh OI at $2,680 (+3,670 ETH), right where the low held. Call writers built positions at $2,740–$2,780, led by $2,740 (+3,451 ETH). Max pain moved from $2,350 to $2,400, following price up.
Spot
Max pain
$2,680 support
PCR
15-min · UTC
Key levels for the next session
$3,000
Call wall · 49,714 ETH OI
resistance
$2,760
Fresh calls +2,535 ETH
cap
$2,740
Fresh calls +3,451 ETH
cap
$2,708.30
Close
●
$2,680
Fresh puts +3,670 ETH · held the low
support
$2,500
Put wall · 26,408 ETH OI
floor
$2,450
Fresh puts +2,999 ETH
support
$2,400
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 41.3%$55
Session range$76
One session moved 1.4× 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.