US-session sell-off, closes near the lows

A steady start gave way at 16:00 UTC and ETH slid $121 to $2,253. Put writers added the most fresh OI at $2,000 (+8,204 ETH). Call writers built positions at $2,300–$2,360, led by $2,360 (+4,411 ETH). Max pain held at $2,300 all session.

Spot Max pain PCR 15-min · UTC

Open$2,364

High · 16:09$2,383

Low · 20:48$2,250

Avg PCR0.52

Max pain$2,300

Liquidations$23.2M

Key levels for the next session

$2,500 Call wall · 74,723 ETH OI resistance

$2,360 Fresh calls +4,411 ETH cap

$2,300 Fresh calls +2,598 ETH · Max pain cap

$2,252.81 Close ●

$2,150 Fresh puts +6,628 ETH support

$2,000 Fresh puts +8,204 ETH · Put wall · 49,322 ETH OI support

Where writers added today

$2,360

+4,411 ETH

$2,300

+2,598 ETH

$2,350

+2,359 ETH

$2,000

+8,204 ETH

$2,150

+6,628 ETH

$2,100

+4,487 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 41.2%$47

Session range$132

One session moved 2.8× the next-day straddle's full priced move.

Last 6 sessions

10-24 $2,363 —
PCR 0.50
MP $2,300 10-25 $2,333 -30
PCR 0.50
MP $2,300 10-26 $2,328 -6
PCR 0.50
MP $2,300 10-27 $2,355 +27
PCR 0.50
MP $2,300 10-28 $2,364 +9
PCR 0.51
MP $2,300 10-29 $2,253 -111
PCR 0.52
MP $2,300

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 →

US-session sell-off, closes near the lows

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 →