European-session rally, gains trimmed into the close

A steady start gave way at 12:30 UTC and ETH climbed $30 to $2,525. Put writers added the most fresh OI at $2,240 (+769 ETH). Call writers built positions at $2,650–$2,800, led by $2,750 (+1,355 ETH). Max pain held at $2,400 all session.

Spot Max pain PCR 15-min · UTC

Open$2,498

High · 19:40$2,528

Low · 12:51$2,495

Avg PCR0.57

Max pain$2,400

Liquidations$1.5M

Key levels for the next session

$2,800 Call wall · 39,957 ETH OI resistance

$2,750 Fresh calls +1,355 ETH cap

$2,650 Fresh calls +1,025 ETH cap

$2,515.08 Close ●

$2,500 Put wall · 55,704 ETH OI floor

$2,400 Max pain magnet

$2,380 Fresh puts +538 ETH support

$2,240 Fresh puts +769 ETH support

Where writers added today

$2,750

+1,355 ETH

$2,650

+1,025 ETH

$2,800

+771 ETH

$2,240

+769 ETH

$2,380

+538 ETH

$2,440

+475 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 20.4%$27

Session range$33

One session moved 1.2× the next-day straddle's full priced move.

Last 6 sessions

10-05 $2,724 —
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 10-09 $2,498 +14
PCR 0.58
MP $2,400 10-10 $2,515 +17
PCR 0.57
MP $2,400

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 →

European-session rally, gains trimmed 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 →