DeriveDeribit
Expiries, open interest and quotes across Deribit.
Hyperliquid (HYPE) has a reference forward of $78.20 with $60.53M of options open interest across Deribit: $31M in calls and $29M in puts, a put/call ratio of 0.95, similar call and put open interest. The largest expiry is 25DEC26 with $28M open and a max pain of $74.00. At-the-money implied volatility for 30OCT26 is 58.2%, 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. Open interest alone does not reveal whether positions were bought or sold.
Some venue quotes are unavailable; open-interest totals may be incomplete.
| Expiry | Days | Calls OI | Puts OI | Put/Call | Max pain | ATM IV | Strikes | Venues |
|---|---|---|---|---|---|---|---|---|
| 23OCT26 | 1 | $1M | $909K | 0.63 | $82.00 | 62.0% | 41 | Deribit |
| 24OCT26 | 2 | $8K | $779 | 0.10 | $75.00 | 60.4% | 22 | Deribit |
| 30OCT26 | 8 | $13M | $12M | 0.91 | $85.00 | 58.2% | 41 | Deribit |
| 6NOV26 | 15 | $779 | $63K | 81.00 | $79.00 | 57.1% | 32 | Deribit |
| 27NOV26 | 36 | $3M | $2M | 0.90 | $82.00 | 57.4% | 34 | Deribit |
| 25DEC26 | 64 | $14M | $14M | 1.02 | $74.00 | 56.1% | 51 | Deribit |
| Strike | Calls OI | Puts OI | vs forward |
|---|---|---|---|
| 52 | $523K | $983K | -33.5% |
| 60 | $244K | $1M | -23.3% |
| 68 | $80K | $1M | -13.0% |
| 70 | $633K | $2M | -10.5% |
| 74 | $34K | $2M | -5.4% |
| 80 | $2M | $3M | 2.3% |
| 82 | $2M | $2M | 4.9% |
| 85 | $3M | $221K | 8.7% |
| 88 | $2M | $2M | 12.5% |
| 90 | $1M | $568K | 15.1% |
| 94 | $2M | $2M | 20.2% |
| 100 | $2M | $83K | 27.9% |
| Venue | Contract | Side | Size | Price | vs mark |
|---|---|---|---|---|---|
| Trade history is unavailable or incomplete. | |||||
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