Crypto options this week
BTC and ETH options as of 2026-10-06 03:20 UTC: how far the price moved, how volatility is priced against how much it actually moved, where the skew sits, the next big expiry and the best-priced structures. Rewritten from live data on every visit.
Prices and volatility from Deribit; the best-priced structures come from every venue.
BTC
- BTC is at $85,546, +3.0% over the last 7 days.
- At-the-money 7-day implied volatility is 32.1%.
- Realized volatility over the last 7 days was 20.2%, so options are priced 11.9 points above it.
- The 30-day 25-delta risk reversal is −0.8: puts cost more than calls at the same distance, the market is paying up for downside protection.
- Deribit's DVOL volatility index is at 36.2, +0.1 points over the week.
- The next monthly expiry is 2026-10-30, in 24 days.
Best-priced structures right now
The scanner's top three for BTC across every venue, ranked by probability of profit within risk tiers.
| Strategy | Venue | Credit/Debit | Max Profit? | Max Loss? | Prob. of Profit? |
|---|---|---|---|---|---|
| Call Ratio Backspread105000/120000 | OKX | -$184.07 | Uncapped | -$14815.93 | 84% |
| Long Iron Butterfly86000/90000/95000 | Bybit | $3983.91 | $1016.09 | -$3983.91 | 81% |
| Call Ratio Backspread92000/98000 | Bybit | -$207.59 | Uncapped | -$5792.41 | 80% |
ETH
- ETH is at $2,700, +1.3% over the last 7 days.
- At-the-money 7-day implied volatility is 40.9%.
- Realized volatility over the last 7 days was 18.4%, so options are priced 22.6 points above it.
- The 30-day 25-delta risk reversal is +0.1: calls and puts at the same distance cost about the same.
- Deribit's DVOL volatility index is at 48.2, −1.9 points over the week.
- The next monthly expiry is 2026-10-30, in 24 days.
Best-priced structures right now
The scanner's top three for ETH across every venue, ranked by probability of profit within risk tiers.
| Strategy | Venue | Credit/Debit | Max Profit? | Max Loss? | Prob. of Profit? |
|---|---|---|---|---|---|
| Short Call Butterfly3000/3400/4000 | OKX | -$11.84 | $211.84 | -$388.16 | 81% |
| Short Call Condor3000/3200/3600/4000 | OKX | -$0.83 | $200.83 | -$199.17 | 80% |
| Short Call Ladder2900/3000/3200 | Bybit | -$0.86 | Uncapped | -$99.14 | 78% |
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Educational content, not investment advice. See the disclaimer.