Live options data · By CoinNudge Research · Method reviewed 2026-09-09 · Guide updated 2026-09-12 · Live sources · Data observed at · Calculation options-expiry-1.1 · Auto-refresh about every 900 seconds
Bitcoin and Ethereum options expiry this week
Current answer: As of , using Deribit public BTC and ETH option instruments and book summaries: 10 Deribit BTC/ETH expiries fall within the next seven days, representing about $2.09B current estimated OI. The largest is BTC at 2026-09-18 08:00:00 UTC with $1.33B OI and max pain near $78,000.00. Max pain is descriptive, not predictive.
Live sources
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Current source-backed snapshot
This page tracks Deribit BTC and ETH option expiries during the rolling next seven days. Each row shows the exact UTC expiry, current underlying price, estimated open-interest notional, put-call OI ratio, largest call and put strikes, and a reproducible max-pain calculation. Rows are ordered by expiry time rather than a bullish or bearish score. Deribit is one venue, open interest can change until expiry, and max pain is not a prediction that spot price will move toward a strike.
Input documentation: Deribit active instruments · Deribit book summaries · CoinNudge methodology
Observation window: BTC and ETH option expiries in the rolling next seven days
Calculation cadence: Auto-refresh about every 900 seconds
Calculation version: options-expiry-1.1
Download current dataset: JSON · CSV Raw values retain the dataset's published precision. Free fair-use limit: 60 requests per minute per IP, shared across all Research JSON and CSV endpoints.
| Underlying / expiry | Spot at observation | Estimated OI notional | Put / call OI | Max pain | Vs spot | Largest call / put strikes |
|---|---|---|---|---|---|---|
| BTC · 2026-09-14 08:00:00 UTC | $77,103.21 | $228.91M | 1.47 | $77,000.00 | -0.13% | $78,000.00 / $74,000.00 |
| ETH · 2026-09-14 08:00:00 UTC | $2,489.55 | $86.93M | 1.22 | $2,520.00 | +1.22% | $2,700.00 / $2,240.00 |
| BTC · 2026-09-15 08:00:00 UTC | $77,110.49 | $98.61M | 1.12 | $77,000.00 | -0.14% | $81,000.00 / $75,000.00 |
| ETH · 2026-09-15 08:00:00 UTC | $2,490.05 | $34.59M | 1.34 | $2,540.00 | +2.01% | $2,580.00 / $2,100.00 |
| BTC · 2026-09-16 08:00:00 UTC | $77,126.84 | $47.08M | 1.00 | $77,000.00 | -0.16% | $81,000.00 / $76,000.00 |
| ETH · 2026-09-16 08:00:00 UTC | $2,490.46 | $12.93M | 1.53 | $2,500.00 | +0.38% | $2,540.00 / $2,300.00 |
| BTC · 2026-09-17 08:00:00 UTC | $77,133.89 | $14.79M | 1.01 | $77,000.00 | -0.17% | $77,000.00 / $77,000.00 |
| ETH · 2026-09-17 08:00:00 UTC | $2,490.88 | $3.55M | 0.87 | $2,500.00 | +0.37% | $2,580.00 / $2,500.00 |
| BTC · 2026-09-18 08:00:00 UTC | $77,148.08 | $1.33B | 0.83 | $78,000.00 | +1.10% | $82,000.00 / $72,000.00 |
| ETH · 2026-09-18 08:00:00 UTC | $2,491.32 | $237.43M | 0.52 | $2,500.00 | +0.35% | $2,800.00 / $2,200.00 |
Current source health
- deribit options: live; last success 2026-09-13 15:35:13 UTC
Deribit only. Notional uses current underlying price and can change. Max pain is a descriptive payout-minimization calculation from current open interest; it is not evidence that price will move toward that strike.
How to read this page
- The window rolls forward seven days and uses exact UTC expiration timestamps.
- Put-call ratio uses open interest, not trade volume or buyer-versus-seller direction.
- Max pain is calculated from current strike OI and can move before expiration.
- The largest expiry can matter for risk review without predicting spot direction.
What can this page tell you quickly?
- Best for
- Seeing when a material BTC or ETH options expiry is approaching.
- Ranking
- Nearest expiry first; notional size remains visible for importance.
- Source boundary
- Active Deribit BTC and ETH option contracts only.
- Do not infer
- Max pain does not guarantee settlement near that strike.
What does the options expiry table measure?
Every row aggregates currently open Deribit calls and puts sharing one underlying and expiration time. The table converts contract open interest into an approximate USD notional using the current underlying price so BTC and ETH expiries can be compared in one unit.
The put-call ratio divides put OI by call OI. A higher ratio means more put contracts are open relative to calls, but every option has a buyer and seller. It does not identify whether the positioning is protective, speculative or part of a multi-leg strategy.
| Field | Useful for | Does not prove |
|---|---|---|
| Notional OI | Scale of contracts reaching expiry | Expected spot trading volume |
| Put-call OI | Relative open put and call contracts | Net bearish or bullish exposure |
| Top strikes | Where current OI is concentrated | Support or resistance that must hold |
| Max pain | Current minimum-payout calculation | Where spot will settle |
How does CoinNudge calculate crypto options max pain?
For every listed strike at an expiry, CoinNudge calculates aggregate intrinsic call and put payout if the underlying settled at that strike. The strike producing the lowest total payout under current OI is displayed as max pain.
The calculation deliberately uses only current open interest and listed strikes. It does not model dealer hedging, option premium, implied volatility, off-exchange positions or future position changes. Those omissions prevent the number from becoming a forecast.
What should be checked before a large options expiry?
Start with notional size and hours remaining, then compare spot with the largest call and put strikes. Implied volatility, realized volatility and liquidation conditions can show whether the market is already pricing a larger move.
An expiry can pass without unusual spot movement. The relevant product value is timely context: knowing when concentrated contracts disappear or roll, not promising that expiry itself creates a profitable trade.
What would a useful expiry alert contain?
A useful message should state the UTC and user-local expiry time, underlying, current notional, put-call ratio, concentrated strikes and distance from spot. It should also explain that figures are venue-specific and change before settlement.
CoinNudge can deliver a scheduled reminder before a material expiry while the public page remains the auditable current dataset. No option order is created or recommended.
Does a large expiry notional tell me how much spot selling will happen?
No. Outstanding option notional is exposure tied to contracts, not an instruction to buy or sell that notional in spot. Exercise terms, offsetting positions and hedging can produce different outcomes.
The page does not observe every participant's hedge or all exchanges' expiries. A static max-pain level is not a closing-price forecast.
- Keep expiry time, option type, strike and the current OI snapshot.
- Compare the strike distribution and underlying price rather than relying only on total notional.
- Treat max pain as a static payoff calculation and retain its snapshot time when checking later price.
Verify: Deribit active instruments · Deribit book summaries · CoinNudge methodology
What is measured, and what is not?
| Measured claim | Evidence on this page | Boundary |
|---|---|---|
| A Deribit BTC or ETH option expiry occurs within seven days. | Active instrument expiration timestamps. | Other options venues are not included. |
| Current OI is concentrated at displayed strikes. | Current contract-level open interest grouped by strike. | Concentration does not guarantee support or resistance. |
| The displayed max-pain strike minimizes current intrinsic payout. | Reproducible calculation across listed strikes. | It is not a forecast of settlement price. |
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Method and data boundary
CoinNudge joins Deribit's active BTC and ETH option instrument definitions with current book summaries. Contracts are grouped by expiration timestamp and option type. Estimated notional equals total option open interest multiplied by the current underlying price. Max pain evaluates each listed strike and selects the settlement price with the smallest aggregate intrinsic payout implied by current open interest.
Deribit only. Notional, put-call ratio and max pain move as positions change. Open interest does not identify whether options were bought or sold, and max pain is not a price magnet or trading instruction.
Sources and verification
- Deribit active instrumentsExpiration timestamp, strike and option type.
- Deribit book summariesCurrent open interest and underlying price.
- CoinNudge methodologyFreshness, calculation and missing-data policy.
Frequently asked questions
Which options exchange is included?
Only Deribit is included in this version.
What does option notional mean here?
Current call and put open interest multiplied by the current underlying price.
Does a high put-call ratio predict a fall?
No. OI does not identify whether options were bought, sold or used as hedges.
Will Bitcoin move toward max pain?
The page makes no such claim. Max pain is only a current payout calculation.
Why can max pain change?
Traders can open and close contracts until expiry and the available strike set can change.
How often does the page refresh?
Deribit instruments and summaries are refreshed approximately every 15 minutes.
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