Options Intelligence
BTC and ETH options data from Deribit. Max pain, put/call ratio, DVOL. Updated every 15 minutes.
BTC Options
Spot Price
$64,018
Total OI
334K
Put/Call Ratio
0.52
DVOL
34.6
Nearest Max Pain
$63,000
| Expiry | Max Pain | OI | P/C Ratio |
|---|---|---|---|
| 2026-08-05 | $63,000 | 2K | 0.83 |
| 2026-08-06 | $63,000 | 804 | 0.81 |
| 2026-08-07 | $63,500 | 31K | 0.25 |
| 2026-08-08 | $63,500 | 163 | 1.00 |
| 2026-08-14 | $64,000 | 14K | 0.68 |
| 2026-08-21 | $64,000 | 8K | 0.21 |
| 2026-08-28 | $63,000 | 52K | 0.59 |
| 2026-09-25 | $70,000 | 101K | 0.54 |
| 2026-10-30 | $64,000 | 2K | 0.61 |
| 2026-12-25 | $70,000 | 95K | 0.56 |
ETH Options
Spot Price
$1,920
Total OI
1.6M
Put/Call Ratio
0.54
DVOL
48.7
Nearest Max Pain
$1,860
| Expiry | Max Pain | OI | P/C Ratio |
|---|---|---|---|
| 2026-08-05 | $1,860 | 25K | 1.18 |
| 2026-08-06 | $1,840 | 5K | 1.19 |
| 2026-08-07 | $1,900 | 167K | 0.75 |
| 2026-08-08 | $1,820 | 1K | 0.63 |
| 2026-08-14 | $1,900 | 33K | 0.84 |
| 2026-08-21 | $1,900 | 8K | 0.49 |
| 2026-08-28 | $1,850 | 271K | 0.82 |
| 2026-09-25 | $2,100 | 440K | 0.46 |
| 2026-10-30 | $1,900 | 14K | 1.10 |
| 2026-12-25 | $2,200 | 471K | 0.38 |
Understanding
Max Pain & Options Metrics
Max pain is the price at which the most options expire worthless, minimizing payouts from market makers to option holders. It is NOT a prediction; it is a magnetic level that exerts influence only near expiry. Put/call ratio above 1 means more puts than calls are open (hedging or bearish bets). DVOL (Deribit Volatility Index) is the crypto equivalent of VIX; high values = expensive options = market expects bigger moves.
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Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.