Asian-session sell-off, losses pared into the close

A steady start gave way at 02:45 UTC and ETH slid $168 to $2,426. Put writers added the most fresh OI at $2,400 (+6,381 ETH). Call writers built positions at $2,450–$2,700, led by $2,500 (+3,341 ETH). Max pain held at $2,500 all session.

Spot Max pain PCR 15-min · UTC

Open$2,586

High · 01:06$2,598

Low · 17:52$2,420

Avg PCR0.59

Max pain$2,500

Liquidations$47.4M

Key levels for the next session

$2,700 Fresh calls +2,481 ETH cap

$2,500 Call wall · 54,807 ETH OI · Fresh calls +3,341 ETH · Max pain resistance

$2,484.39 Close ●

$2,400 Fresh puts +6,381 ETH support

$2,300 Fresh puts +5,598 ETH · Put wall · 47,348 ETH OI support

Where writers added today

$2,500

+3,341 ETH

$2,700

+2,481 ETH

$2,450

+2,248 ETH

$2,400

+6,381 ETH

$2,300

+5,598 ETH

$2,200

+4,865 ETH

■ 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 34.1%$43

Session range$178

One session moved 4.1× the next-day straddle's full priced move.

Last 6 sessions

10-03 $2,701 —
PCR 0.59
MP $2,500 10-04 $2,740 +39
PCR 0.57
MP $2,500 10-05 $2,724 -16
PCR 0.56
MP $2,500 10-06 $2,712 -12
PCR 0.56
MP $2,500 10-07 $2,587 -126
PCR 0.58
MP $2,500 10-08 $2,484 -102
PCR 0.59
MP $2,500

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. Disclaimer →

Asian-session sell-off, losses pared into the close

Key levels for the next session

Where writers added today

Move vs what options priced

Last 6 sessions

Related reading

Max pain today →

PCR today →

BTC vs index options →