Derive Live
Avalanche (AVAX) is trading at $8.04 with $18M of options open interest across Deribit: $12M in calls and $5M in puts, a put/call ratio of 0.43, call-heavy, which usually reads as a market positioned for upside. The largest expiry is 25SEP26 with $11M open and a max pain of $7. Front-month at-the-money implied volatility is 58.7%, and the term structure is inverted, so near-term volatility is priced above longer-dated, which is typical around events or after a sharp move. Data refreshes every five minutes from public venue APIs.
| Expiry | Days | Calls OI | Puts OI | Put/Call | Max pain | ATM IV | Strikes | Venues |
|---|---|---|---|---|---|---|---|---|
| 8SEP26 | 1 | $30K | $40K | 1.35 | $7.7 | 59.9% | 21 | Deribit |
| 9SEP26 | 2 | $0 | $0 | 0.00 | $6.5 | 58.7% | 21 | Deribit |
| 11SEP26 | 4 | $871K | $285K | 0.33 | $7.2 | 59.0% | 18 | Deribit |
| 18SEP26 | 11 | $2K | $10K | 6.00 | $7.6 | 58.7% | 18 | Deribit |
| 25SEP26 | 18 | $8M | $3M | 0.34 | $7 | 56.2% | 35 | Deribit |
| 30OCT26 | 53 | $278K | $263K | 0.95 | $7.4 | 54.4% | 26 | Deribit |
| 25DEC26 | 109 | $3M | $2M | 0.68 | $7.5 | 55.0% | 19 | Deribit |
| Strike | Calls OI | Puts OI | vs spot |
|---|---|---|---|
| 5 | $146K | $500K | -37.8% |
| 6 | $261K | $333K | -25.4% |
| 6.5 | $312K | $438K | -19.1% |
| 7 | $1M | $727K | -12.9% |
| 7.5 | $2M | $508K | -6.7% |
| 7.6 | $509K | $125K | -5.5% |
| 8 | $808K | $629K | -0.5% |
| 8.5 | $560K | $459K | 5.7% |
| 9 | $490K | $229K | 12.0% |
| 10 | $826K | $103K | 24.4% |
| 11 | $520K | $188K | 36.8% |
| 14 | $596K | $0 | 74.2% |
| Venue | Contract | Side | Size | Price | vs mark |
|---|---|---|---|---|---|
| No prints over $50k in the last 24h. | |||||