AVAX options expiring 25SEP26, 18 days out, with the forward at $8.06. Open interest is $8M in calls and $3M in puts, put/call 0.34, and max pain is $7. At-the-money implied volatility is 56.0%. 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 AVAX expiries.