BTC 26MAR27 Options Chain

BTC options expiring 26MAR27, 200 days out, with the forward at $81,416. Open interest is $2B in calls and $931M in puts, put/call 0.57, and max pain is $70,000. At-the-money implied volatility is 40.1%. Where a strike is listed on both venues the cheaper ask and richer bid are visible side by side; the arb scanner flags any gap that exceeds fees. Strikes shown are within 60% of the forward. All BTC expiries.

Chain

Derive bid / ask (IV) · Deribit bid / ask (IV) · open interest in contracts, both venues combined.

Call OI	Derive call	Deribit call	Strike	Deribit put	Derive put	Put OI
3	–	$36759 / $37248 52%	45000	$570 / $651 52%	–	259
22	– / – 49%	$32078 / $32566 49%	50000	$896 / $1018 49%	– / – 49%	2460
5	–	$30246 / $30735 48%	52000	$1058 / $1181 48%	–	124
0	–	$28414 / $28943 47%	54000	$1262 / $1384 47%	–	92
29	–	$27519 / $28251 46%	55000	$1343 / $1506 46%	–	1258
17	–	$26623 / $27396 46%	56000	$1465 / $1628 46%	–	123
4	–	$24873 / $25687 45%	58000	$1750 / $1873 45%	–	138
650	$22318 / – 44%	$23163 / $24018 44%	60000	$2076 / $2198 44%	– / $2387 44%	820
60	–	$21535 / $22389 43%	62000	$2442 / $2565 43%	–	263
138	–	$19947 / $20842 43%	64000	$2890 / $3012 43%	–	126
372	– / – 43%	$19255 / $19865 43%	65000	$3094 / $3257 43%	– / – 43%	894
24	–	$18726 / $18929 42%	66000	$3379 / $3501 42%	–	110
197	–	$17301 / $17504 42%	68000	$3908 / $4030 42%	–	291
798	– / $47600 41%	$15917 / $16120 41%	70000	$4519 / $4681 41%	– / $4960 41%	775
95	–	$14614 / $14818 41%	72000	$5211 / $5373 41%	–	159
67	–	$13393 / $13596 41%	74000	$5984 / $6147 41%	–	197
1	– / – 40%	–	75000	–	– / – 40%	1
531	–	$12253 / $12416 41%	76000	$6839 / $6961 41%	–	229
585	–	$11195 / $11358 40%	78000	$7775 / $7897 40%	–	263
1065	$6000 / $14220 40%	$10177 / $10340 40%	80000	$8793 / $8956 40%	– / – 40%	216
1168	–	$9281 / $9404 40%	82000	$9851 / $10055 40%	–	7
263	–	$8427 / $8589 40%	84000	$11032 / $11235 40%	–	55
346	– / – 39%	$8019 / $8182 40%	85000	$11602 / $11846 40%	– / – 39%	4
142	–	$7653 / $7816 40%	86000	$12212 / $12457 40%	–	3
77	–	$6961 / $7124 40%	88000	$13515 / $13759 40%	–	5
558	$1240 / – 40%	$6310 / $6473 40%	90000	$14858 / $15102 40%	– / – 40%	14
261	–	$5740 / $5862 40%	92000	$16202 / $16650 40%	–	1
166	–	$5211 / $5373 40%	94000	$17667 / $18156 40%	–	10
571	– / – 40%	$4966 / $5088 40%	95000	$17911 / $19214 40%	– / – 40%	0
142	–	$4722 / $4885 40%	96000	$19173 / $19988 40%	–	2
115	–	$4274 / $4437 41%	98000	$20720 / $21290 41%	–	0
671	$368 / – 40%	$3908 / $4030 41%	100000	$22308 / $23163 41%	– / – 40%	12
128	–	$3542 / $3704 41%	102000	$23977 / $24832 41%	–	0
115	–	$3257 / $3379 41%	104000	$25117 / $26501 41%	–	0
165	– / – 41%	$3094 / $3216 41%	105000	$25972 / $27396 41%	– / – 41%	1
79	–	$2972 / $3094 41%	106000	$26827 / $28251 41%	–	0
69	–	$2687 / $2850 41%	108000	$28577 / $30002 41%	–	0
1158	$225 / – 42%	$2442 / $2605 42%	110000	$30327 / $31793 42%	– / – 42%	4
67	–	$2280 / $2402 42%	112000	$32078 / $33584 42%	–	0
808	$1632 / – 42%	$1995 / $2117 42%	115000	$34765 / $36434 42%	– / – 42%	2
791	– / – 43%	$1628 / $1750 43%	120000	$39364 / $40992 43%	– / – 43%	3
303	– / – 44%	$1343 / $1425 44%	125000	$44005 / $45593 44%	– / – 44%	0
1136	– / – 45%	$1099 / $1181 44%	130000	$48727 / $50559 44%	– / – 45%	0
910	– / – 46%	$855 / $896 46%	140000	$58334 / $60288 46%	– / – 46%	2