ETH options expiring 26MAR27, 200 days out, with the forward at $2,549. Open interest is $262M in calls and $103M in puts, put/call 0.39, and max pain is $2,000. At-the-money implied volatility is 54.5%. Where a strike is listed on both venues the cheaper ask and richer bid are visible side by side; the arb scanner flags any gap that exceeds fees. Strikes shown are within 60% of the forward. All ETH expiries.