Crypto Options Flow Desk

Crypto Options Flow

Live BTC and ETH options analytics — 24h notional, open interest skew, implied volatility, max pain and the largest traded contracts.

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Underlying

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How To Read This Page · Quick Guide

This page tracks crypto options on BTC and ETH — a window into how professional crypto traders are positioned, hedged, and where they expect price to land on expiry.

The 4 Cards At The Top

Spot + Avg IV

Current price of BTC/ETH and the average Implied Volatility — how much movement traders are pricing in.

24h Notional

Total dollar volume traded across all options in the last 24 hours. Split into calls vs puts.

Put/Call Vol Ratio

Below 1 = more money on calls (bullish). Above 1 = more on puts (bearish or hedging). Fastest mood gauge.

Max Pain

The strike price where the largest number of options expire worthless. Price often gravitates toward it near expiry — useful as a magnet level.

Open Interest Skew

Call OI vs Put OI

Open Interest = total contracts currently alive. The horizontal bar shows the balance between bullish (green) and bearish (red) positioning.

Put/Call OI Ratio

Structural positioning. Sustained values above 1 often mark heavy hedging — sometimes a contrarian buy signal.

Top Strikes Chart

Strike Levels

The 8 most popular strike prices ranked by Open Interest. The strike closest to spot is highlighted gold — it's where most action concentrates.

Why It Matters

Large OI strikes act like magnets and resistance/support near expiry. Dealers hedging these positions can amplify moves.

Largest 24h Trades Table

Instrument

Naming: ASSET-EXPIRY-STRIKE-TYPE. Example: BTC-29MAY26-70000-P = BTC put, 70k strike, expiring May 29.

Side

CALL = bullish bet · PUT = bearish or hedge.

Strike

Price level the contract targets.

Expiry / DTE

Expiration date and Days To Expiry. Short DTE = speculative; long DTE = strategic positioning.

24h Notional

Dollar volume traded on that exact contract. The 🔥 icon marks trades above $1M.

Open Interest

Outstanding contracts on that strike. High OI = the level matters to many participants.

Implied Volatility on this specific contract. Spikes often precede or follow major news.

How To Use It · Simple Steps

1.Read the mood: Check Put/Call Vol Ratio at the top. Below 1 = bulls leaning in. Above 1 = caution or hedging.
2.Find the magnets: Look at Max Pain and the Top Strikes chart — these levels often pin price into expiry.
3.Watch the whales: Large trades (🔥 above $1M notional) signal serious positioning. Recurring strikes across multiple expiries = strong conviction.

Educational guide · Crypto options carry risk and are leveraged · Not financial advice