BTC 26MAR27 Options Chain

BTC options expiring 26MAR27, 200 days out, with the forward at $81,524. Open interest is $2B in calls and $932M in puts, put/call 0.57, and max pain is $70,000. At-the-money implied volatility is 40.0%. 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	–	$36849 / $37419 52%	45000	$571 / $652 52%	–	259
22	– / – 49%	$32120 / $32691 49%	50000	$856 / $978 49%	– / – 49%	2460
5	–	$30408 / $30775 48%	52000	$1060 / $1141 48%	–	124
0	–	$28574 / $28982 47%	54000	$1223 / $1345 47%	–	92
29	–	$27718 / $28126 46%	55000	$1345 / $1467 46%	–	1258
17	–	$26821 / $27229 46%	56000	$1467 / $1590 46%	–	123
4	–	$25109 / $25517 45%	58000	$1753 / $1875 45%	–	138
650	$22434 / – 44%	$23397 / $23846 44%	60000	$2079 / $2201 44%	– / $2366 44%	820
60	–	$21767 / $22215 44%	62000	$2446 / $2568 44%	–	263
138	–	$20218 / $20626 43%	64000	$2853 / $2976 43%	–	126
372	– / – 43%	$19443 / $19851 43%	65000	$3098 / $3220 43%	– / – 43%	894
24	–	$18791 / $18995 42%	66000	$3342 / $3465 42%	–	110
197	–	$17365 / $17568 42%	68000	$3872 / $3995 42%	–	291
798	– / $47600 41%	$15979 / $16183 41%	70000	$4484 / $4647 41%	– / $4922 41%	775
95	–	$14674 / $14878 41%	72000	$5177 / $5340 41%	–	159
67	–	$13451 / $13655 41%	74000	$5951 / $6074 41%	–	197
1	– / – 40%	–	75000	–	– / – 40%	1
531	–	$12310 / $12473 40%	76000	$6807 / $6930 40%	–	229
585	–	$11210 / $11413 40%	78000	$7745 / $7867 40%	–	263
1065	$6000 / $14220 40%	$10231 / $10394 40%	80000	$8764 / $8886 40%	– / – 40%	216
1168	–	$9294 / $9457 40%	82000	$9824 / $9987 40%	–	7
263	–	$8478 / $8642 40%	84000	$10965 / $11128 40%	–	55
346	– / – 39%	$8071 / $8234 40%	85000	$11576 / $11739 40%	– / – 39%	4
142	–	$7704 / $7826 40%	86000	$12188 / $12351 40%	–	3
77	–	$6970 / $7133 40%	88000	$13411 / $13655 40%	–	5
558	$1240 / – 39%	$6318 / $6481 40%	90000	$14756 / $15041 40%	– / – 39%	14
261	–	$5747 / $5870 40%	92000	$16101 / $16549 40%	–	1
166	–	$5258 / $5340 40%	94000	$17568 / $18017 40%	–	10
563	– / – 40%	$4973 / $5054 40%	95000	$18302 / $18751 40%	– / – 40%	0
142	–	$4769 / $4851 40%	96000	$19077 / $19525 40%	–	2
115	–	$4321 / $4443 40%	98000	$20626 / $21115 40%	–	0
671	$368 / – 40%	$3913 / $4035 41%	100000	$22215 / $22704 41%	– / – 40%	12
128	–	$3546 / $3669 41%	102000	$23846 / $24376 41%	–	0
115	–	$3261 / $3383 41%	104000	$25517 / $26088 41%	–	0
165	– / – 41%	$3098 / $3220 41%	105000	$26373 / $26944 41%	– / – 41%	1
79	–	$2976 / $3098 41%	106000	$27229 / $27800 41%	–	0
69	–	$2690 / $2853 41%	108000	$28941 / $29552 41%	–	0
1158	$225 / – 42%	$2486 / $2609 42%	110000	$30694 / $31346 42%	– / – 42%	4
67	–	$2283 / $2405 42%	112000	$32487 / $33139 42%	–	0
808	$1653 / – 42%	$2038 / $2120 42%	115000	$35218 / $35911 42%	– / – 42%	2
791	– / – 43%	$1630 / $1753 43%	120000	$39824 / $40558 43%	– / – 43%	3
303	– / – 44%	$1345 / $1467 44%	125000	$44512 / $45287 44%	– / – 44%	0
1136	– / – 45%	$1101 / $1182 44%	130000	$49281 / $50096 44%	– / – 45%	0
910	– / – 46%	$815 / $897 46%	140000	$58901 / $59798 46%	– / – 46%	2