Bitcoin and ether options expiry and max pain
The next options expiries of bitcoin and ether on Deribit, IBIT on Cboe, and CME futures: open interest, max pain, the put/call ratio, and the range the options price for the next expiry.
My read
Bitcoin weekly options expiry on Deribit ($2.6B open interest, max pain $79,000, put/call 0.36)
Anthony Asuaje, Sunday, November 8, 2026
Bitcoin on Deribit: the next expiries
| When | Open interest | Max pain | Put/call | The last one of its kind | |
|---|---|---|---|---|---|
| Next expiry (weekly) | Fri, Nov 13, 05:00 AR | $2.5B | $77,000 (+2.9% from spot) | 0.69 | $2.6B on Fri, Nov 6 |
| Next month-end | Fri, Nov 27, loads two weeks before | — | — | — | — |
| Next quarter-end | Fri, Dec 25, loads two weeks before | — | — | — | — |
DVOL 39.9 prices a one-standard-deviation move of ±$3,174 (±4.2%) by Fri, Nov 13: a range of $71,660 to $78,008 from $74,834. Open interest, max pain, and put/call refresh every hour until each expiry; the calendar loads expiries two weeks ahead.
Every expiry coming up
| Day | Time | Expiry | Open interest | Max pain | Put/call | Impact |
|---|---|---|---|---|---|---|
| Fri, Nov 13 | 05:00 AR (03:00 ET) | Bitcoin weekly options expiry on Deribit | $2.5B | $77,000 | 0.69 | |
| Fri, Nov 13 | 05:00 AR (03:00 ET) | Ether weekly options expiry on Deribit | $285.1M | $2,250 | 2.04 | |
| Fri, Nov 20 | 05:00 AR (03:00 ET) | Bitcoin weekly options expiry on Deribit | $475.4M | $77,000 | 0.79 | |
| Fri, Nov 20 | 05:00 AR (03:00 ET) | Ether weekly options expiry on Deribit | $83.6M | $2,300 | 0.69 | |
| Fri, Nov 20 | 18:00 AR (16:00 ET) | IBIT monthly options expiry | $4B | $44 | 0.84 |
Educational and informational content only. I am not a licensed financial advisor and nothing here is investment advice. Do your own research before making any decision.