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Trader intelligence for Derive: who is trading, what they hold, who is good, and what the rules say is mispriced. Built from public fills and quotes, refreshed every few minutes.

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Every number on the site is computed from public data by fixed rules; nothing is hand-picked except the wallets we say we follow. Nothing here is investment advice. Links to Derive may use Optionly's broker code, which pays Optionly a share of exchange fees at no cost to you. © 2026 Optionly.

Ethereum (ETH) Options

Expiries, open interest and quotes across Deribit.

Positioning and volatility context

Ethereum (ETH) has a reference forward of $2,401.59 with $3.8B of options open interest across Deribit: $2B in calls and $1B in puts, a put/call ratio of 0.52, more call than put open interest. The largest expiry is 25DEC26 with $2B open and a max pain of $2,200.00. At-the-money implied volatility for 30OCT26 is 46.3%, and the term structure is upward-sloping, so the market charges more for longer-dated protection. Open interest alone does not reveal whether positions were bought or sold.

Some venue quotes are unavailable; open-interest totals may be incomplete.

Reference forward
$2,401.59
Total OI
$3.8B
Put/Call (OI)
0.52
ATM IV (30OCT26)
46.3%
Open interest, max pain and ATM IV by expiry
Max pain is the expiry price that minimizes total payout to option holders, weighted by open interest. Click an expiry for the full chain.
ExpiryDaysCalls OIPuts OIPut/CallMax painATM IVStrikesVenues
23OCT261$112M$140M1.25$2,460.0043.6%34Deribit
24OCT262$13M$12M0.93$2,400.0042.0%33Deribit
25OCT263$6M$5M0.74$2,420.0037.1%31Deribit
26OCT264$805K$1M1.24$2,420.0038.0%26Deribit
30OCT268$430M$339M0.79$2,500.0046.3%42Deribit
6NOV2615$25M$32M1.30$2,400.0049.3%15Deribit
13NOV2622$4M$2M0.58$2,350.0049.4%14Deribit
27NOV2636$265M$97M0.37$2,550.0048.9%36Deribit
25DEC2664$1B$434M0.40$2,200.0050.0%44Deribit
26MAR27155$392M$131M0.33$2,200.0052.0%42Deribit
25JUN27246$129M$83M0.64$2,400.0052.7%43Deribit
24SEP27337$38M$24M0.63$2,800.0053.4%39Deribit
Largest strikes by open interest
Across all expiries. Open interest does not identify dealer positions or whether they are long or short gamma.
StrikeCalls OIPuts OIvs forward
2000$37M$79M-16.7%
2200$140M$91M-8.4%
2300$99M$141M-4.2%
2400$92M$89M-0.1%
2500$163M$49M4.1%
2600$147M$30M8.3%
2700$68M$32M12.4%
2800$103M$21M16.6%
3000$178M$7M24.9%
3200$239M$2M33.2%
3500$103M$2M45.7%
4000$85M$1M66.6%
Recent Derive trades
Trade history is incomplete. Derive prints over $50k notional, last 24h, compared with Deribit's current mark. Full tape.
VenueContractSideSizePricevs mark
Trade history is unavailable or incomplete.

Page calculated 22 Oct, 14:36 UTC. Quotes and synced statistics may be older. Reload to check for updates; a cached page may appear while a newer snapshot is prepared.