HYPE options expiring 18SEP26, 11 days out, with the forward at $88.17. Open interest is $3M in calls and $1M in puts, put/call 0.44, and max pain is $85. At-the-money implied volatility is 64.6%. 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.