ETH 25DEC26 Options Chain

ETH options expiring 25DEC26, 109 days out, with the forward at $2,524. Open interest is $938M in calls and $369M in puts, put/call 0.39, and max pain is $2,200. At-the-money implied volatility is 52.3%. 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 ETH 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
21	$1037 / – 67%	$1128 / $1150 67%	1400	$14.00 / $15.80 67%	$13.60 / $16.30 67%	151
18	$952 / – 65%	$1035 / $1055 64%	1500	$19.20 / $21.20 64%	$18.50 / $21.50 65%	143
7	$867 / – 62%	$941 / $962 62%	1600	$26.20 / $28.00 62%	$24.90 / $28.20 62%	309
0	–	$852 / $871 59%	1700	$35.40 / $37.00 59%	–	58
246	$705 / $1200 58%	$764 / $783 58%	1800	$47.20 / $48.80 58%	$45.50 / $49.00 58%	531
726	$628 / – 57%	$679 / $699 56%	1900	$62.00 / $65.00 56%	$61.20 / $64.50 57%	406
174	$558 / $646 55%	$599 / $619 55%	2000	$82.00 / $85.00 55%	$81.10 / $84.70 55%	403
30	$493 / $563 54%	$523 / $544 54%	2100	$107 / $111 54%	$106 / $110 54%	314
227	$435 / $484 53%	$457 / $475 53%	2200	$138 / $143 53%	$137 / $141 53%	162
221	$394 / $407 52%	$395 / $412 53%	2300	$176 / $181 53%	$174 / $179 52%	295
1296	$332 / $355 52%	$338 / $356 53%	2400	$220 / $225 53%	$218 / $223 52%	306
245	$288 / $297 52%	$295 / $299 52%	2500	$271 / $276 52%	$267 / $273 52%	426
71	$248 / $255 52%	$251 / $257 52%	2600	$328 / $333 52%	$324 / $329 52%	345
28	–	$215 / $220 53%	2700	$392 / $397 53%	–	30
152	$182 / $187 52%	$183 / $188 53%	2800	$460 / $467 53%	$453 / $463 52%	466
37	–	$157 / $161 53%	2900	$525 / $545 53%	–	0
872	$132 / $137 53%	$134 / $138 54%	3000	$601 / $621 54%	$581 / $630 53%	525
16	–	$115 / $119 54%	3100	$681 / $702 54%	–	0
222	$97.50 / $102 54%	$99.00 / $103 54%	3200	$766 / $787 54%	$728 / $809 54%	0
26	–	$85.00 / $89.00 55%	3300	$852 / $872 55%	–	0
370	$72.40 / $76.40 56%	$73.00 / $78.00 55%	3400	$941 / $959 55%	$880 / $1003 56%	2
1024	$62.90 / $66.50 56%	$64.00 / $68.00 56%	3500	$1030 / $1049 56%	$959 / $1102 56%	0
196	$54.80 / $58.20 57%	$55.00 / $59.00 56%	3600	$1121 / $1141 56%	$1039 / $1202 57%	0
66	$42.10 / $44.90 58%	$42.60 / $45.00 57%	3800	$1308 / $1329 57%	$1199 / – 58%	0
180	$32.90 / $35.90 60%	$33.20 / $35.00 59%	4000	$1498 / $1518 59%	$1372 / – 60%	0
109	$26.10 / $28.70 61%	$26.00 / $27.60 60%	4200	$1691 / $1711 60%	$1547 / – 61%	0
8	$21.00 / $23.50 62%	$20.80 / $22.20 61%	4400	$1886 / $1905 61%	$1724 / – 62%	0
164	$18.90 / $21.30 63%	$18.80 / $19.80 62%	4500	$1984 / $2005 62%	$1814 / – 63%	20