HYPE options expiring 9SEP26, 2 days out, with the forward at $87.63. Open interest is $18K in calls and $18K in puts, put/call 1.00, and max pain is $86. At-the-money implied volatility is 69.0%. 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.