Bitcoin (BTC) Options
$81,113+1.63% (24h)
BTC options open interest, put/call ratios, max pain and implied volatility.
$32.45B
Options Open Interest
396,977 BTC
$11.33M
24h Options Volume
880 listed contracts
0.60
Put/Call Ratio (OI)
volume PCR 0.83
$78,000
Max Pain (2026-10-30)
index $81,067
BTC 30-Day ATM Implied Volatility
Daily history of the 30-day at-the-money IV
Higher IV means options traders are pricing bigger Bitcoin moves.
BTC IV Term Structure
ATM implied volatility by expiry
| Expiry | ATM IV | Open Interest (BTC) | Strikes |
|---|---|---|---|
| 2026-10-28 | 21.1% | 393,262,109 | 27 |
| 2026-10-29 | 35.5% | 164,725,662 | 27 |
| 2026-10-30 | 35.1% | 10,973,394,445 | 62 |
| 2026-10-31 | 34.3% | 173,875,317 | 28 |
| 2026-11-06 | 37.8% | 1,108,150,582 | 22 |
| 2026-11-13 | 36.1% | 126,464,223 | 17 |
| 2026-11-27 | 35.9% | 3,225,113,817 | 48 |
| 2026-12-25 | 36.5% | 11,089,564,466 | 60 |
| 2027-03-26 | 37.9% | 3,573,328,005 | 52 |
| 2027-06-25 | 38.9% | 1,220,092,980 | 54 |
| 2027-09-24 | 39.4% | 400,363,465 | 43 |
BTC Max Pain by Expiry
The strike where option holders lose the most at settlement
| Expiry | Max Pain | Call OI | Put OI | Total OI |
|---|---|---|---|---|
| 2026-10-28 | $80,000 | $198.13M | $195.13M | $393.26M |
| 2026-10-29 | $80,000 | $76.35M | $88.38M | $164.73M |
| 2026-10-30 | $78,000 | $7.14B | $3.83B | $10.97B |
| 2026-10-31 | $80,000 | $116.69M | $57.18M | $173.88M |
| 2026-11-06 | $81,000 | $750.06M | $358.09M | $1.11B |
| 2026-11-13 | $81,000 | $63.68M | $62.79M | $126.46M |
| 2026-11-27 | $81,000 | $2.02B | $1.20B | $3.23B |
| 2026-12-25 | $75,000 | $6.74B | $4.35B | $11.09B |
| 2027-03-26 | $76,000 | $2.17B | $1.40B | $3.57B |
| 2027-06-25 | $70,000 | $800.77M | $419.33M | $1.22B |
| 2027-09-24 | $84,000 | $221.75M | $178.62M | $400.36M |