Ethereum (ETH) options max pain and open interest
ETH expiry 17 Nov 2026 08:00 UTC: new, no open interest yet; max pain, expiring notional and selected-expiry P/C OI unavailable. Bybit only. Positioning, not a price prediction.
ETH snapshot: (oldest included observation).
ETH open interest by absolute delta bucket and expiry →
Coverage. Covers options listed on Bybit and Binance only, not the whole market. Deribit, the largest crypto options exchange, is not included, so max pain and put/call figures here can differ from numbers quoted elsewhere.
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ETH options expiring Tue 17 Nov 2026, 08:00 UTC
daily · in 3d 4hThis expiry is new, no open interest yet. Max pain and open interest by strike will appear once positions are opened.
Next expiry (daily) in 4h 10m. Sat 14 Nov, 08:00 UTC · notional $215.94M · max pain $1,950 · put/call (OI) 0.77.
This expiry on: IV smile · chain · delta OI · Add this expiry to calendar · with 1h reminder
Open interest change by strike, Tue 17 Nov
How to read open interest changesBybit: expiry listed after 2026-11-07 03:49 UTC.
Open interest by expiry
USD notional · calls above the line, puts below- Calls
- Puts
24h volume by expiry
USD notional traded · calls above the line, puts below- Calls
- Puts
24h volume by expiry table
| Expiry | Calls (USD) | Puts (USD) | Total (USD) |
|---|---|---|---|
| Sat 14 Nov 2026 | $324.66M | $265.68M | $590.34M |
| Sun 15 Nov 2026 | $128.27M | $63.14M | $191.41M |
| Mon 16 Nov 2026 | $98.34M | $40.65M | $138.98M |
| Tue 17 Nov 2026 | $0 | $0 | $0 |
| Fri 20 Nov 2026 | $91.83M | $52.54M | $144.37M |
| Fri 27 Nov 2026 | $64.47M | $29.28M | $93.74M |
| Fri 4 Dec 2026 | $17.77M | $33.54M | $51.30M |
| Fri 25 Dec 2026 | $22.63M | $18.87M | $41.51M |
| Fri 29 Jan 2027 | $9.17M | $9.68M | $18.85M |
| Fri 26 Mar 2027 | $10.01M | $9.24M | $19.26M |
| Fri 25 Jun 2027 | $666K | $36K | $702K |
| Fri 24 Sep 2027 | $667K | $173K | $840K |
Each instrument's rolling 24h volume in ETH times its forward price. Includes recorded volume when open interest is incomplete; missing forward prices are unavailable, not zero.
ETH options open interest history
USD notional, all expiries · end of each UTC day · stacked by exchange · last 90 days- Bybit
- Binance
1 of 47 days is left blank: an exchange's open interest was missing or incomplete that day, so the total would be understated.
ETH options open interest by exchange table
| Day (UTC) | Bybit | Binance | Total |
|---|---|---|---|
| 2026-11-14 | $787.98M | $653.48M | $1.44B |
| 2026-11-13 | $774.95M | $654.75M | $1.43B |
| 2026-11-12 | $807.57M | $658.90M | $1.47B |
| 2026-11-11 | $789.20M | $673.56M | $1.46B |
| 2026-11-10 | $782.03M | $630.97M | $1.41B |
| 2026-11-09 | $737.90M | $638.53M | $1.38B |
| 2026-11-08 | $680.29M | $579.37M | $1.26B |
| 2026-11-07 | $657.90M | $640.38M | $1.30B |
| 2026-11-06 | $712.05M | $686.95M | $1.40B |
| 2026-11-05 | $901.36M | $689.84M | $1.59B |
| 2026-11-04 | $914.29M | $738.46M | $1.65B |
| 2026-11-03 | $785.33M | $605.64M | $1.39B |
| 2026-11-02 | $782.32M | $607.81M | $1.39B |
| 2026-11-01 | $763.20M | $586.59M | $1.35B |
| 2026-10-31 | $801.53M | $637.31M | $1.44B |
| 2026-10-30 | $862.17M | $681.90M | $1.54B |
| 2026-10-29 | $934.27M | $768.52M | $1.70B |
| 2026-10-28 | $888.93M | $718.79M | $1.61B |
| 2026-10-27 | $868.81M | $677.18M | $1.55B |
| 2026-10-26 | $816.58M | $632.96M | $1.45B |
| 2026-10-25 | $802.13M | $668.38M | $1.47B |
| 2026-10-24 | $828.22M | $671.59M | $1.50B |
| 2026-10-23 | $862.31M | $674.23M | $1.54B |
| 2026-10-22 | $913.97M | $783.49M | $1.70B |
| 2026-10-21 | $926.63M | $783.49M | $1.71B |
| 2026-10-20 | $895.29M | $738.15M | $1.63B |
| 2026-10-19 | $839.57M | $686.77M | $1.53B |
| 2026-10-18 | $857.26M | $617.17M | $1.47B |
| 2026-10-17 | $824.53M | $591.64M | $1.42B |
| 2026-10-16 | $879.59M | $661.53M | $1.54B |
| 2026-10-15 | $921.48M | $735.25M | $1.66B |
| 2026-10-14 | $800.25M | $679.56M | $1.48B |
| 2026-10-13 | $786.16M | $637.81M | $1.42B |
| 2026-10-12 | $754.69M | $633.47M | $1.39B |
| 2026-10-11 | $734.73M | $598.42M | $1.33B |
| 2026-10-10 | $753.45M | $587.97M | $1.34B |
| 2026-10-09 | $805.11M | $660.82M | $1.47B |
| 2026-10-08 | — | — | — |
| 2026-10-07 | $927.80M | $730.35M | $1.66B |
| 2026-10-06 | $917.93M | $696.14M | $1.61B |
| 2026-10-05 | $868.92M | $699.23M | $1.57B |
| 2026-10-04 | $837.31M | $620.76M | $1.46B |
| 2026-10-03 | $851.82M | $637.35M | $1.49B |
| 2026-10-02 | $874.37M | $666.94M | $1.54B |
| 2026-10-01 | $877.34M | $645.75M | $1.52B |
| 2026-09-30 | $785.22M | $672.14M | $1.46B |
| 2026-09-29 | $754.29M | $569.23M | $1.32B |
Each day is the last hourly snapshot of the UTC day (left blank when that snapshot was partial); notional is open interest in ETH times the index price.
ETH options volume history
USD, 24h to 08:00 UTC each day · stacked by exchange · last 90 days- Bybit
- Binance
1 of 46 days is left blank: an exchange's volume was missing or incomplete that day, so the total would be understated.
ETH options volume by exchange table
| Day (UTC) | Bybit | Binance | Total |
|---|---|---|---|
| 2026-11-13 | $660.30M | $672.35M | $1.33B |
| 2026-11-12 | $394.66M | $477.05M | $871.71M |
| 2026-11-11 | $660.10M | $546.13M | $1.21B |
| 2026-11-10 | $467.28M | $514.32M | $981.60M |
| 2026-11-09 | $526.03M | $388.91M | $914.94M |
| 2026-11-08 | $173.23M | $232.53M | $405.76M |
| 2026-11-07 | $441.18M | $543.80M | $984.98M |
| 2026-11-06 | $708.94M | $727.51M | $1.44B |
| 2026-11-05 | $665.78M | $677.78M | $1.34B |
| 2026-11-04 | $647.24M | $439.33M | $1.09B |
| 2026-11-03 | $613.23M | $467.25M | $1.08B |
| 2026-11-02 | $519.99M | $274.52M | $794.51M |
| 2026-11-01 | $420.87M | $205.16M | $626.03M |
| 2026-10-31 | $831.15M | $578.60M | $1.41B |
| 2026-10-30 | $1.13B | $693.65M | $1.83B |
| 2026-10-29 | $731.63M | $514.13M | $1.25B |
| 2026-10-28 | $543.45M | $392.47M | $935.92M |
| 2026-10-27 | $565.08M | $303.09M | $868.18M |
| 2026-10-26 | $535.03M | $273.38M | $808.40M |
| 2026-10-25 | $600.61M | $298.75M | $899.36M |
| 2026-10-24 | $627.18M | $427.92M | $1.06B |
| 2026-10-23 | $791.87M | $577.76M | $1.37B |
| 2026-10-22 | $799.56M | $611.00M | $1.41B |
| 2026-10-21 | $766.20M | $468.12M | $1.23B |
| 2026-10-20 | $627.69M | $486.57M | $1.11B |
| 2026-10-19 | $668.07M | $347.74M | $1.02B |
| 2026-10-18 | $562.65M | $257.64M | $820.29M |
| 2026-10-17 | $868.04M | $512.90M | $1.38B |
| 2026-10-16 | $898.13M | $644.96M | $1.54B |
| 2026-10-15 | $859.13M | $702.30M | $1.56B |
| 2026-10-14 | $602.41M | $352.17M | $954.57M |
| 2026-10-13 | $850.94M | $611.62M | $1.46B |
| 2026-10-12 | $654.79M | $327.77M | $982.56M |
| 2026-10-11 | $461.46M | $304.94M | $766.40M |
| 2026-10-10 | $708.17M | $542.66M | $1.25B |
| 2026-10-09 | $937.28M | $699.79M | $1.64B |
| 2026-10-08 | — | — | — |
| 2026-10-07 | $850.70M | $593.23M | $1.44B |
| 2026-10-06 | $659.59M | $493.60M | $1.15B |
| 2026-10-05 | $708.48M | $349.30M | $1.06B |
| 2026-10-04 | $464.85M | $176.77M | $641.63M |
| 2026-10-03 | $929.25M | $595.45M | $1.52B |
| 2026-10-02 | $688.42M | $430.30M | $1.12B |
| 2026-10-01 | $552.16M | $599.79M | $1.15B |
| 2026-09-30 | $423.99M | $415.62M | $839.60M |
| 2026-09-29 | $356.69M | $271.76M | $628.45M |
Each instrument's 24h volume in ETH times its forward price, from the scheduled pre-expiry daily sample taken between 07:50 and 08:00 UTC (exact capture times of earlier days were not kept); a day whose sample was missed, or with any instrument missing either value, is left blank.
ETH options expiry calendar
notional expiring per date, 08:00 UTC- Sat 14 Nov 2026 daily · 4h 10m$215.94M
- Sun 15 Nov 2026 daily · 1d 4h$89.94M
- Mon 16 Nov 2026 daily · 2d 4h$68.44M
- Tue 17 Nov 2026 daily · 3d 4hnew, no open interest yet
- Fri 20 Nov 2026 weekly · 6d 4h$173.48M
- Fri 27 Nov 2026 monthly · 13d 4h$333.59M
- Fri 4 Dec 2026 weekly · 20d 4h$40.50M
- Fri 25 Dec 2026 quarterly · 41d 4h$401.10M
- Fri 29 Jan 2027 monthly · 76d 4h$44.23M
- Fri 26 Mar 2027 quarterly · 132d 4h$63.05M
- Fri 25 Jun 2027 quarterly · 223d 4h$9.66M
- Fri 24 Sep 2027 quarterly · 314d 4h$3.60M
Put/call ratio and max pain by expiry
Bybit + Binance| Expiry | Notional | Max pain | P/C OI | Volume 24h | P/C vol |
|---|---|---|---|---|---|
| Sat 14 Nov daily | $215.94M | $1,950 | 0.77 | $590.34M | 0.82 |
| Sun 15 Nov daily | $89.94M | $1,950 | 0.50 | $191.41M | 0.49 |
| Mon 16 Nov daily | $68.44M | $1,950 | 0.29 | $138.98M | 0.41 |
| Tue 17 Nov daily | new, no open interest yet | $0 | — | ||
| Fri 20 Nov weekly | $173.48M | $2,075 | 0.74 | $144.37M | 0.57 |
| Fri 27 Nov monthly | $333.59M | $2,250 | 0.42 | $93.74M | 0.45 |
| Fri 4 Dec weekly | $40.50M | $2,000 | 1.43 | $51.30M | 1.89 |
| Fri 25 Dec quarterly | $401.10M | $2,300 | 0.41 | $41.51M | 0.83 |
| Fri 29 Jan 2027 monthly | $44.23M | $2,200 | 0.76 | $18.85M | 1.06 |
| Fri 26 Mar 2027 quarterly | $63.05M | $2,300 | 0.77 | $19.26M | 0.92 |
| Fri 25 Jun 2027 quarterly | $9.66M | $2,200 | 0.51 | $702K | 0.05 |
| Fri 24 Sep 2027 quarterly | $3.60M | $2,000 | 0.47 | $840K | 0.26 |
Max pain history, Tue 17 Nov expiry
hourly, last 30 daysNot enough hourly history for this expiry yet.
Put/call OI history, Tue 17 Nov expiry
hourly, last 30 days · dashed line = 1.0Not enough hourly history for this expiry yet.
Put/call ratio history
all expiries, hourly, last 30 days · dashed line = 1.0- Put/call OI 0.53
- Put/call 24h volume 0.66
All expiries. Across all 12 listed expiries there is $1.44B of open interest, with a put/call ratio of 0.54 (more calls than puts open); the 24h volume put/call ratio is 0.68.
How to read it. Max pain is the strike where the open calls and puts of one expiry would be worth the least at settlement; it describes where open interest sits and is not a price prediction. The put/call ratio divides put open interest by call open interest, or put 24h volume by call 24h volume. Above 1 puts exceed calls in that measure. Notional is open interest in ETH times the index price. Snapshots every 5 minutes from each exchange's public API; history is hourly. Not financial advice.
Ethereum options FAQ
What is max pain?
Max pain is the settlement price at which the options open for an expiry would pay out the least to their holders in total. It is a snapshot of where open interest sits, not a price prediction: spot often settles far from it. For each listed strike we add up what every open call and put would be worth at expiry if the price settled there; the strike with the smallest total is max pain.
What is the put/call ratio?
Put open interest divided by call open interest (or put volume divided by call volume over 24 hours). Above 1 more puts are open than calls, which often means hedging or bearish positioning; below 1 calls dominate. It is a positioning gauge, not a signal on its own.
When do Ethereum options expire?
Ethereum options on Bybit and Binance expire at 08:00 UTC. Daily options expire every day, weeklies on Fridays, monthlies on the last Friday of the month and quarterlies on the last Friday of March, June, September and December, which is when the most open interest usually expires. The next daily expiry is Sat 14 Nov 2026 08:00 UTC ($215.94M open interest); the next weekly expiry is Fri 20 Nov 2026 08:00 UTC ($173.48M open interest); the next monthly expiry is Fri 27 Nov 2026 08:00 UTC ($333.59M open interest); the next quarterly expiry is Fri 25 Dec 2026 08:00 UTC ($401.10M open interest).
Why can this max pain differ from other sites?
This page covers Bybit and Binance only. Deribit, the largest crypto options exchange, is not included, so the open interest here is part of the market and its max pain can sit at a different strike.