Ethereum (ETH) Options
$2,523-0.57% (24h)
ETH options open interest, put/call ratios, max pain and implied volatility.
$4.50B
Options Open Interest
1,770,759 ETH
$928.45K
24h Options Volume
876 listed contracts
0.54
Put/Call Ratio (OI)
volume PCR 0.63
$2,500
Max Pain (2026-09-18)
index $2,523
ETH 30-Day ATM Implied Volatility
Daily history of the 30-day at-the-money IV
Higher IV means options traders are pricing bigger Ethereum moves.
ETH IV Term Structure
ATM implied volatility by expiry
| Expiry | ATM IV | Open Interest (ETH) | Strikes |
|---|---|---|---|
| 2026-09-13 | 20.2% | 78,374,589 | 32 |
| 2026-09-14 | 31.3% | 77,514,766 | 39 |
| 2026-09-15 | 37.6% | 30,436,586 | 36 |
| 2026-09-16 | 42.3% | 2,191,543 | 25 |
| 2026-09-18 | 48.9% | 229,841,815 | 21 |
| 2026-09-25 | 49.9% | 1,890,741,301 | 74 |
| 2026-10-02 | 49.8% | 17,750,188 | 16 |
| 2026-10-30 | 51.1% | 306,605,148 | 39 |
| 2026-11-27 | 52.6% | 44,084,358 | 32 |
| 2026-12-25 | 52.9% | 1,299,017,200 | 44 |
| 2027-03-26 | 54.7% | 359,240,230 | 39 |
| 2027-06-25 | 55.6% | 163,926,171 | 41 |
ETH Max Pain by Expiry
The strike where option holders lose the most at settlement
| Expiry | Max Pain | Call OI | Put OI | Total OI |
|---|---|---|---|---|
| 2026-09-13 | $2,520 | $31.60M | $46.77M | $78.37M |
| 2026-09-14 | $2,520 | $36.68M | $40.84M | $77.51M |
| 2026-09-15 | $2,540 | $12.69M | $17.75M | $30.44M |
| 2026-09-16 | $2,560 | $1.24M | $951.86K | $2.19M |
| 2026-09-18 | $2,500 | $147.42M | $82.42M | $229.84M |
| 2026-09-25 | $2,200 | $1.20B | $695.26M | $1.89B |
| 2026-10-02 | $2,550 | $11.97M | $5.78M | $17.75M |
| 2026-10-30 | $2,300 | $159.45M | $147.16M | $306.61M |
| 2026-11-27 | $2,500 | $29.37M | $14.71M | $44.08M |
| 2026-12-25 | $2,200 | $940.88M | $358.14M | $1.30B |
| 2027-03-26 | $2,000 | $257.26M | $101.98M | $359.24M |
| 2027-06-25 | $2,100 | $91.95M | $71.97M | $163.93M |