BTC 25JUN27 Options Chain

BTC options expiring 25JUN27, 291 days out, with the forward at $82,499. Open interest is $519M in calls and $273M in puts, put/call 0.53, and max pain is $60,000. At-the-money implied volatility is 41.4%. 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
18	– / – 48%	$33989 / $34237 48%	50000	$1567 / $1691 48%	– / – 48%	402
1	–	$32216 / $32505 47%	52000	$1815 / $1939 47%	–	40
1	–	$30525 / $30772 46%	54000	$2104 / $2227 46%	–	50
3	–	$29658 / $29947 46%	55000	$2269 / $2392 46%	–	36
3	–	$28833 / $29122 46%	56000	$2434 / $2599 46%	–	85
14	–	$27225 / $27513 45%	58000	$2805 / $2970 45%	–	92
967	$25000 / $31500 44%	$25657 / $25946 45%	60000	$3259 / $3382 45%	– / – 44%	203
117	–	$24131 / $24420 44%	62000	$3712 / $3877 44%	–	115
34	–	$22646 / $22976 44%	64000	$4249 / $4414 44%	–	62
10	$21566 / – 43%	$21945 / $22233 43%	65000	$4537 / $4702 43%	– / – 43%	33
26	–	$21244 / $21532 43%	66000	$4826 / $4991 43%	–	47
11	–	$19924 / $20171 43%	68000	$5486 / $5651 43%	–	14
196	– / – 42%	$18645 / $18892 43%	70000	$6187 / $6394 43%	– / – 42%	21
90	–	$17407 / $17655 42%	72000	$6930 / $7136 42%	–	48
21	–	$16252 / $16459 42%	74000	$7755 / $8002 42%	–	12
0	– / – 41%	–	75000	–	– / – 41%	0
23	–	$15139 / $15345 42%	76000	$8662 / $8869 42%	–	75
53	–	$14066 / $14314 42%	78000	$9611 / $9817 42%	–	105
113	– / – 41%	$13117 / $13324 41%	80000	$10642 / $10849 41%	– / – 41%	44
81	–	$12169 / $12416 41%	82000	$11715 / $11962 41%	–	24
19	–	$11344 / $11550 41%	84000	$12870 / $13076 41%	–	7
154	– / – 41%	$10931 / $11137 41%	85000	$13447 / $13695 41%	– / – 41%	11
27	–	$10519 / $10766 41%	86000	$14066 / $14314 41%	–	1
21	–	$9817 / $9982 41%	88000	$15304 / $15592 41%	–	5
765	– / – 41%	$9075 / $9322 41%	90000	$16624 / $16871 41%	– / – 41%	51
16	–	$8456 / $8662 41%	92000	$17902 / $18274 41%	–	0
18	–	$7879 / $8044 41%	94000	$19305 / $19717 41%	–	0
57	– / – 41%	$7590 / $7796 41%	95000	$20006 / $20418 41%	– / – 41%	20
32	–	$7301 / $7507 41%	96000	$20748 / $21161 41%	–	0
43	–	$6806 / $7012 42%	98000	$22234 / $22646 42%	–	0
205	– / – 42%	$6352 / $6517 42%	100000	$23760 / $24172 42%	– / – 42%	1
29	–	$5899 / $6105 42%	102000	$25327 / $25863 42%	–	0
13	–	$5527 / $5692 42%	104000	$26853 / $27472 42%	–	0
153	– / – 42%	$5321 / $5486 42%	105000	$27637 / $28297 42%	– / – 42%	0
0	–	$5156 / $5321 42%	106000	$28462 / $29122 42%	–	0
13	–	$4826 / $4991 42%	108000	$30153 / $30813 42%	–	0
270	– / – 42%	$4496 / $4661 42%	110000	$31803 / $32505 42%	– / – 42%	4
38	– / – 43%	$3836 / $3960 43%	115000	$36052 / $36836 43%	– / – 43%	0
293	– / – 43%	$3259 / $3424 43%	120000	$40466 / $41332 43%	– / – 43%	0
116	– / – 44%	$2846 / $2970 44%	125000	$45003 / $45911 44%	– / – 44%	0
762	– / – 44%	$2434 / $2557 44%	130000	$49582 / $50572 44%	– / – 44%	2
388	– / – 45%	$1856 / $1980 45%	140000	$58987 / $60059 45%	– / – 45%	3
220	– / – 46%	$1444 / $1567 46%	150000	$68556 / $69670 46%	– / – 46%	1