Bitcoin (BTC) options chain
Calls and puts of one BTC expiry side by side at each strike, from recorded public exchange quotes. Implied volatility in %, open interest and volume in coin units.
Venue: Bybit. Snapshots 2026-11-13 14:42 UTC to 2026-11-13 14:42 UTC.
This expiry on: max pain · IV smile · gamma · delta OI
32 strikes on 2027-01-29 (32 calls, 32 puts) · excluded at Bybit: 0 expired, 0 timestamped in the future, 0 invalid.
Bybit 2027-01-29: Forward $70,165 · index $69,319 · 76.7 days to expiry. At the money: strike 70,000, nearest the forward.
BTC 2027-01-29 options chain · Bybit
| Calls | Strike (USD) | Puts | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid IV % | Mark IV % | Ask IV % | Delta | Gamma (per $1) model | Vega (USD) model | Theta (USD/day) model | OI (BTC) | 24h vol (BTC) | Observed (UTC) | Bid IV % | Mark IV % | Ask IV % | Delta | Gamma (per $1) model | Vega (USD) model | Theta (USD/day) model | OI (BTC) | 24h vol (BTC) | Observed (UTC) | |
| 46.51 | 49.52 | 52.70 | 0.924 | 0.00000897 | 45.95 | -14.83 | 0 | 0 | 2026-11-13 14:42 UTC | 52,000 | 50.24 | 49.52 | 50.46 | -0.076 | 0.00000897 | 45.95 | -14.83 | 5.45 | 5.49 | 2026-11-13 14:42 UTC |
| 44.71 | 47.85 | 48.76 | 0.904 | 0.0000111 | 54.88 | -17.12 | 12.36 | 14.26 | 2026-11-13 14:42 UTC | 54,000 | 48.31 | 47.85 | 48.49 | -0.096 | 0.0000111 | 54.88 | -17.12 | 5.72 | 8.28 | 2026-11-13 14:42 UTC |
| 43.84 | 46.28 | 47.07 | 0.879 | 0.0000135 | 64.81 | -19.55 | 2.24 | 2.24 | 2026-11-13 14:42 UTC | 56,000 | 46.45 | 46.28 | 46.61 | -0.121 | 0.0000135 | 64.81 | -19.55 | 43.29 | 15.74 | 2026-11-13 14:42 UTC |
| 42.25 | 44.82 | 45.68 | 0.848 | 0.0000163 | 75.55 | -22.07 | 0.09 | 0.09 | 2026-11-13 14:42 UTC | 58,000 | 44.76 | 44.82 | 44.95 | -0.152 | 0.0000163 | 75.55 | -22.07 | 51.18 | 7.50 | 2026-11-13 14:42 UTC |
| 41.36 | 43.47 | 43.98 | 0.812 | 0.0000193 | 86.75 | -24.58 | 2.66 | 2.66 | 2026-11-13 14:42 UTC | 60,000 | 43.29 | 43.47 | 43.46 | -0.188 | 0.0000193 | 86.75 | -24.58 | 44.71 | 10.09 | 2026-11-13 14:42 UTC |
| 40.11 | 42.24 | 42.63 | 0.769 | 0.0000224 | 97.91 | -26.95 | 0.13 | 0.44 | 2026-11-13 14:42 UTC | 62,000 | 42.02 | 42.24 | 42.17 | -0.231 | 0.0000224 | 97.91 | -26.95 | 26.88 | 5.94 | 2026-11-13 14:42 UTC |
| 39.53 | 41.14 | 41.62 | 0.720 | 0.0000255 | 108.35 | -29.05 | 0 | 2.01 | 2026-11-13 14:42 UTC | 64,000 | 40.97 | 41.14 | 41.11 | -0.280 | 0.0000255 | 108.35 | -29.05 | 17.97 | 11.59 | 2026-11-13 14:42 UTC |
| 38.72 | 40.17 | 40.89 | 0.664 | 0.0000282 | 117.28 | -30.70 | 1.04 | 0.42 | 2026-11-13 14:42 UTC | 66,000 | 40.08 | 40.17 | 40.16 | -0.336 | 0.0000282 | 117.28 | -30.70 | 6.36 | 16.40 | 2026-11-13 14:42 UTC |
| 38.93 | 39.35 | 39.25 | 0.604 | 0.0000304 | 123.94 | -31.79 | 2.86 | 12.53 | 2026-11-13 14:42 UTC | 68,000 | 39.28 | 39.35 | 39.41 | -0.396 | 0.0000304 | 123.94 | -31.79 | 3.59 | 23.57 | 2026-11-13 14:42 UTC |
| 38.29 | 38.68 | 38.76 | 0.541 | 0.0000319 | 127.67 | -32.18 | 6.70 | 11.57 | 2026-11-13 14:42 UTC | 70,000 ATM at the money, nearest the Bybit forward | 38.72 | 38.68 | 38.79 | -0.459 | 0.0000319 | 127.67 | -32.18 | 18.68 | 28.41 | 2026-11-13 14:42 UTC |
| 37.99 | 38.16 | 38.07 | 0.476 | 0.0000324 | 128.10 | -31.86 | 13.16 | 19.08 | 2026-11-13 14:42 UTC | 72,000 | 38.18 | 38.16 | 38.57 | -0.524 | 0.0000324 | 128.10 | -31.86 | 8.47 | 7.01 | 2026-11-13 14:42 UTC |
| 37.70 | 37.79 | 37.82 | 0.413 | 0.0000320 | 125.25 | -30.85 | 8.83 | 9.90 | 2026-11-13 14:42 UTC | 74,000 | 37.86 | 37.79 | 38.26 | -0.587 | 0.0000320 | 125.25 | -30.85 | 14.71 | 0.90 | 2026-11-13 14:42 UTC |
| 37.51 | 37.57 | 37.64 | 0.353 | 0.0000307 | 119.50 | -29.26 | 20.21 | 13.48 | 2026-11-13 14:42 UTC | 76,000 | 37.59 | 37.57 | 38.22 | -0.647 | 0.0000307 | 119.50 | -29.26 | 18.35 | 2.82 | 2026-11-13 14:42 UTC |
| 37.39 | 37.47 | 37.52 | 0.298 | 0.0000288 | 111.49 | -27.23 | 17.69 | 3.21 | 2026-11-13 14:42 UTC | 78,000 | 36.98 | 37.47 | 38.64 | -0.702 | 0.0000288 | 111.49 | -27.23 | 7.79 | 0.35 | 2026-11-13 14:42 UTC |
| 37.41 | 37.50 | 37.51 | 0.249 | 0.0000263 | 102.04 | -24.94 | 17.48 | 1.98 | 2026-11-13 14:42 UTC | 80,000 | 37.01 | 37.50 | 39.44 | -0.751 | 0.0000263 | 102.04 | -24.94 | 8.57 | 0.10 | 2026-11-13 14:42 UTC |
| 37.49 | 37.55 | 37.60 | 0.227 | 0.0000250 | 97.01 | -23.74 | 9.87 | 7.62 | 2026-11-13 14:42 UTC | 81,000 | 37.07 | 37.55 | 38.51 | -0.773 | 0.0000250 | 97.01 | -23.74 | 2.11 | 0.14 | 2026-11-13 14:42 UTC |
| 37.54 | 37.63 | 37.65 | 0.207 | 0.0000236 | 91.89 | -22.54 | 11.54 | 6.19 | 2026-11-13 14:42 UTC | 82,000 | 36.37 | 37.63 | 39.88 | -0.793 | 0.0000236 | 91.89 | -22.54 | 1.57 | 0.05 | 2026-11-13 14:42 UTC |
| 37.62 | 37.73 | 37.74 | 0.188 | 0.0000222 | 86.77 | -21.34 | 7.42 | 2.22 | 2026-11-13 14:42 UTC | 83,000 | 36.50 | 37.73 | 38.65 | -0.812 | 0.0000222 | 86.77 | -21.34 | 4.28 | 3.41 | 2026-11-13 14:42 UTC |
| 37.71 | 37.84 | 37.83 | 0.171 | 0.0000209 | 81.67 | -20.14 | 15.04 | 6.37 | 2026-11-13 14:42 UTC | 84,000 | 36.64 | 37.84 | 39.91 | -0.829 | 0.0000209 | 81.67 | -20.14 | 2.83 | 0.01 | 2026-11-13 14:42 UTC |
| 37.88 | 37.98 | 38.01 | 0.155 | 0.0000195 | 76.71 | -18.99 | 12.56 | 1.95 | 2026-11-13 14:42 UTC | 85,000 | 36.46 | 37.98 | 40.45 | -0.845 | 0.0000195 | 76.71 | -18.99 | 4.03 | 0.04 | 2026-11-13 14:42 UTC |
| 38.02 | 38.13 | 38.16 | 0.141 | 0.0000182 | 71.87 | -17.86 | 12.57 | 1.18 | 2026-11-13 14:42 UTC | 86,000 | 36.87 | 38.13 | 40.43 | -0.859 | 0.0000182 | 71.87 | -17.86 | 2 | 0 | 2026-11-13 14:42 UTC |
| 38.37 | 38.48 | 38.45 | 0.116 | 0.0000158 | 62.79 | -15.75 | 5.69 | 2.59 | 2026-11-13 14:42 UTC | 88,000 | 36.62 | 38.48 | 41.09 | -0.884 | 0.0000158 | 62.79 | -15.75 | 2.03 | 0 | 2026-11-13 14:42 UTC |
| 38.75 | 38.88 | 38.84 | 0.095 | 0.0000136 | 54.58 | -13.83 | 7.80 | 5.98 | 2026-11-13 14:42 UTC | 90,000 | 36.90 | 38.88 | 42.31 | -0.905 | 0.0000136 | 54.58 | -13.83 | 7.28 | 3.92 | 2026-11-13 14:42 UTC |
| 39.31 | 39.31 | 39.41 | 0.079 | 0.0000116 | 47.27 | -12.11 | 7.18 | 2.81 | 2026-11-13 14:42 UTC | 92,000 | 36.41 | 39.31 | 43.21 | -0.921 | 0.0000116 | 47.27 | -12.11 | 1.72 | 0 | 2026-11-13 14:42 UTC |
| 39.77 | 39.77 | 39.89 | 0.065 | 0.00000993 | 40.87 | -10.59 | 23.97 | 5.18 | 2026-11-13 14:42 UTC | 94,000 | 36.77 | 39.77 | 44.16 | -0.935 | 0.00000993 | 40.87 | -10.59 | 0.45 | 0 | 2026-11-13 14:42 UTC |
| 40.33 | 40.25 | 40.47 | 0.054 | 0.00000848 | 35.30 | -9.26 | 48.32 | 13.79 | 2026-11-13 14:42 UTC | 96,000 | 37.50 | 40.25 | 45.24 | -0.946 | 0.00000848 | 35.30 | -9.26 | 1.46 | 0 | 2026-11-13 14:42 UTC |
| 41.01 | 40.75 | 41.17 | 0.045 | 0.00000724 | 30.51 | -8.10 | 25.29 | 11.34 | 2026-11-13 14:42 UTC | 98,000 | 37.01 | 40.75 | 45.98 | -0.955 | 0.00000724 | 30.51 | -8.10 | 0.50 | 0 | 2026-11-13 14:42 UTC |
| 41.73 | 41.26 | 41.91 | 0.038 | 0.00000618 | 26.39 | -7.10 | 21.57 | 7.53 | 2026-11-13 14:42 UTC | 100,000 | 36.99 | 41.26 | 47.21 | -0.962 | 0.00000618 | 26.39 | -7.10 | 0.02 | 0 | 2026-11-13 14:42 UTC |
| 42.40 | 41.77 | 42.61 | 0.032 | 0.00000528 | 22.84 | -6.22 | 3.72 | 5.56 | 2026-11-13 14:42 UTC | 102,000 | 36.67 | 41.77 | 48.42 | -0.968 | 0.00000528 | 22.84 | -6.22 | 0 | 0 | 2026-11-13 14:42 UTC |
| 43.05 | 42.30 | 43.28 | 0.027 | 0.00000453 | 19.84 | -5.47 | 11.24 | 2.42 | 2026-11-13 14:42 UTC | 104,000 | 35.35 | 42.30 | 50.34 | -0.973 | 0.00000453 | 19.84 | -5.47 | 0 | 0 | 2026-11-13 14:42 UTC |
| 43.72 | 42.82 | 43.99 | 0.023 | 0.00000389 | 17.24 | -4.81 | 22.87 | 15.81 | 2026-11-13 14:42 UTC | 106,000 | 34.52 | 42.82 | 51.49 | -0.977 | 0.00000389 | 17.24 | -4.81 | 0 | 0 | 2026-11-13 14:42 UTC |
| 44.49 | 43.34 | 44.78 | 0.019 | 0.00000335 | 15.02 | -4.24 | 50.20 | 1.22 | 2026-11-13 14:42 UTC | 108,000 | 31.19 | 43.34 | 52.68 | -0.981 | 0.00000335 | 15.02 | -4.24 | 0 | 0 | 2026-11-13 14:42 UTC |
Each row pairs the call and put at one strike of the selected expiry, strikes ascending, 50 per page. IV is the venue's own bid, mark and ask implied volatility in percent; delta is the venue's; open interest and rolling 24-hour volume are in BTC. "Observed" is when the venue produced that leg's snapshot. A dash means the venue sent no value; "no listing" means that side of the strike is not listed. A zero is a real zero.
Gamma, vega and theta marked "model" are our Black-76 estimates from each leg's mark IV and the venue's forward, at a zero interest rate, with time to expiry counted from now; per 1 BTC of the option, gamma is the change in delta per $1 move of the forward, vega the USD change per +1 volatility point and theta the USD change per calendar day. They are not quoted by the venue; a dash means mark IV or the forward is missing. What these greeks mean.
This page shows quotes in IV terms only (the model greeks are sensitivities, not prices): no option premium, price, executable size or best venue across exchanges is derived. Snapshots older than 20 minutes are never mixed into live rows. Recorded every 5 minutes from public exchange APIs; times are UTC; cached for up to 120 seconds.