ZEC Options

ZEC is trading at $1,157 with $10M of options open interest across Derive: $7M in calls and $3M in puts, a put/call ratio of 0.44, call-heavy, which usually reads as a market positioned for upside. The largest expiry is 30OCT26 with $4M open and a max pain of $1,300. At-the-money implied volatility for 25SEP26 is 107.0%, and the term structure is upward-sloping, so the market charges more for longer-dated protection. Data refreshes every five minutes from public venue APIs.