ETH 25DEC26 Options Chain

ETH options expiring 25DEC26, 109 days out, with the forward at $2,519. Open interest is $936M in calls and $368M in puts, put/call 0.39, and max pain is $2,200. At-the-money implied volatility is 52.2%. 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	– / – 67%	$1124 / $1146 67%	1400	$14.20 / $16.20 67%	$13.30 / $16.50 67%	151
18	– / – 64%	$1029 / $1051 64%	1500	$19.60 / $21.40 64%	$18.40 / $21.60 64%	143
7	– / – 62%	$937 / $958 61%	1600	$26.60 / $28.20 61%	$25.00 / $28.40 62%	309
0	–	$844 / $868 59%	1700	$35.60 / $37.40 59%	–	58
246	– / $1200 58%	$756 / $780 57%	1800	$47.60 / $49.40 57%	$45.50 / $49.20 58%	531
726	– / – 56%	$672 / $695 56%	1900	$63.00 / $66.00 56%	$61.30 / $65.10 56%	406
174	$554 / $641 55%	$595 / $615 55%	2000	$83.00 / $86.00 55%	$81.30 / $85.10 55%	403
30	$489 / $558 54%	$521 / $540 54%	2100	$108 / $112 54%	$107 / $111 54%	315
227	$435 / $480 53%	$449 / $472 53%	2200	$139 / $144 53%	$138 / $142 53%	162
221	$390 / $403 52%	$388 / $408 53%	2300	$177 / $182 53%	$175 / $180 52%	295
1296	$329 / $351 52%	$334 / $352 53%	2400	$222 / $227 53%	$220 / $224 52%	306
245	$285 / $294 52%	$292 / $296 52%	2500	$273 / $278 52%	$269 / $274 52%	426
71	$245 / $252 52%	$249 / $253 52%	2600	$330 / $335 52%	$326 / $331 52%	345
28	–	$213 / $217 52%	2700	$393 / $399 52%	–	30
152	$179 / $184 52%	$182 / $186 53%	2800	$462 / $471 53%	$456 / $465 52%	466
37	–	$155 / $159 53%	2900	$528 / $546 53%	–	0
872	$130 / $135 53%	$133 / $137 53%	3000	$605 / $624 53%	$584 / $633 53%	525
16	–	$113 / $118 54%	3100	$687 / $705 54%	–	0
222	$95.90 / $100 54%	$97.00 / $101 54%	3200	$769 / $789 54%	$730 / $813 54%	0
26	–	$83.00 / $88.00 55%	3300	$855 / $875 55%	–	0
370	$71.30 / $75.30 56%	$72.00 / $76.00 55%	3400	$944 / $964 55%	$883 / $1007 56%	2
1024	$61.80 / $65.60 56%	$62.00 / $66.00 56%	3500	$1034 / $1054 56%	$962 / $1106 56%	0
196	$53.50 / $56.90 57%	$54.00 / $58.00 56%	3600	$1125 / $1147 56%	$1042 / $1207 57%	0
66	$41.00 / $44.40 58%	$41.20 / $44.20 57%	3800	$1313 / $1333 57%	– / – 58%	0
180	$31.90 / $35.40 60%	$32.00 / $34.60 59%	4000	$1502 / $1524 59%	– / – 60%	0
109	$25.30 / $28.20 61%	$25.20 / $27.40 60%	4200	$1695 / $1718 60%	– / – 61%	0
8	$20.30 / $23.20 62%	$20.20 / $21.80 61%	4400	$1890 / $1911 61%	– / – 62%	0
164	$18.20 / $20.70 63%	$18.00 / $19.60 61%	4500	$1988 / $2010 61%	– / – 63%	20