HYPE options expiring 11SEP26, 4 days out, with the forward at $87.63. Open interest is $11M in calls and $5M in puts, put/call 0.44, and max pain is $82.5. At-the-money implied volatility is 67.9%. 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 HYPE expiries.