Crypto Options Tracker — Deribit IV, Put/Call Ratio, Max Pain

What does Crypto Options Tracker do?

The crypto options tracker pulls live BTC ETH options data directly from Deribit's public REST API — no API key or account required. For every active options instrument, it collects the strike, expiry, implied volatility (mark IV), bid/ask spread, open interest in contracts and USD, and full Greeks (delta, gamma, theta, vega). It then computes market-level aggregate signals — put/call ratio, max pain strike, ATM IV, IV skew, and overall options sentiment — delivering everything a quant or trader needs for Deribit options analytics in a single run.

Why use Crypto Options Tracker?

1. Implied volatility monitoring Track ATM IV and IV skew across all active BTC and ETH expiries without writing a Deribit API client. Elevated skew (puts pricing richer than calls) signals hedging demand and often precedes directional moves.

2. Max pain analysis before expiry Options market makers are incentivized to pin price near the max pain strike at expiry. Knowing this level before monthly/quarterly expirations gives directional context for the last few days of an expiry cycle.

3. Put/call ratio sentiment signal A put/call ratio above 1.2 indicates heavy hedging or bearish positioning; below 0.8 indicates call-heavy bullish sentiment. Schedule this Actor daily to track positioning shifts across the entire BTC ETH options data market.

4. Greeks-aware options dashboard Download delta, gamma, theta, and vega per instrument to build custom risk dashboards, identify high-gamma expiry clusters, or measure aggregate market delta exposure.

5. Pre-event OI concentration scanning Before major macro events (FOMC, ETF decisions, CPI prints), scan which expiry holds the highest open interest concentration. High OI expiries often pin price or see outsized volatility.

How to use Crypto Options Tracker

1. Open the Actor on Apify Store and click Try for free.
2. Set currency to BTC, ETH, or both depending on what you want to track.
3. Adjust minOiUsd to filter out illiquid instruments (default $10,000 is a good starting point).
4. Set maxDaysToExpiry to focus on near-term expiries only (e.g., 30 for monthly).
5. Click Start. The Actor fetches all active instruments from Deribit and populates the dataset plus a SUMMARY with aggregate signals.

Input

Parameter	Type	Default	Description
currency	string	BTC	BTC, ETH, or both
minOiUsd	integer	10000	Minimum open interest in USD to include an instrument
maxDaysToExpiry	integer	90	Exclude instruments expiring beyond this many days
optionType	string	all	Filter by all, call, or put

Minimal input (all BTC options, standard filters):

{}

Near-term ETH puts only:

{
  "currency": "ETH",
  "optionType": "put",
  "maxDaysToExpiry": 30,
  "minOiUsd": 50000
}

Output

One dataset row per instrument:

{
  "currency": "BTC",
  "instrument_name": "BTC-27DEC24-60000-C",
  "option_type": "call",
  "strike": 60000.0,
  "expiry_date": "27DEC24",
  "days_to_expiry": 14,
  "moneyness": "OTM",
  "mark_iv": 58.32,
  "mark_price": 0.0423,
  "bid": 0.041,
  "ask": 0.044,
  "bid_ask_spread_pct": 7.04,
  "open_interest_contracts": 128.0,
  "open_interest_usd": 8729600.0,
  "underlying_price": 68200.0,
  "delta": 0.31,
  "gamma": 0.00002,
  "theta": -125.4,
  "vega": 48.2,
  "timestamp": "2024-12-13T10:00:00Z"
}

A SUMMARY record in the Key-Value Store holds market-level Deribit options analytics:

{
  "timestamp": "2024-12-13T10:00:00Z",
  "total_instruments_tracked": 312,
  "currencies": [
    {
      "currency": "BTC",
      "spot_price": 68200.0,
      "instruments_tracked": 312,
      "put_call_ratio": 0.92,
      "max_pain_strike": 65000.0,
      "atm_iv_pct": 61.4,
      "iv_skew_pct": 4.8,
      "expiry_cluster": "27DEC24",
      "options_sentiment": "neutral"
    }
  ]
}

Data fields

Field	Description
mark_iv	Mark implied volatility in % — the market's implied annualized vol for this instrument
bid_ask_spread_pct	Liquidity proxy — wide spreads indicate low interest
moneyness	ITM / ATM / OTM classification relative to current spot
open_interest_usd	Total open interest valued in USD
delta	Rate of change of option price vs spot; directional exposure
gamma	Rate of change of delta; high gamma near expiry
theta	Daily time decay in USD
vega	Sensitivity to 1% change in implied volatility
put_call_ratio	Summary: total put OI ÷ call OI (>1.2 bearish, <0.8 bullish)
max_pain_strike	Summary: strike where aggregate option holder loss is maximized at expiry
iv_skew_pct	Summary: 25-delta put IV minus 25-delta call IV (positive = fear premium)
options_sentiment	Summary: "bullish" / "neutral" / "bearish" from PC ratio + skew

Cost estimation

This Actor uses Pay-Per-Event (PPE) pricing:

Scenario	Instruments	Estimated Cost
BTC only, minOiUsd=10000, 90 days	~200–300	~$0.41–$0.61
ETH only, same filters	~100–150	~$0.21–$0.31
Both currencies	~350–500	~$0.71–$1.01
Daily monitoring (BTC, 30 days)	~150/day	~$4.50/month

Rate: $0.001 flat start + $0.002 per instrument tracked.

FAQ

Q: Does this require a Deribit account or API key? No. All data comes from Deribit's fully public REST API endpoints (/public/get_instruments, /public/ticker, /public/get_index_price). No authentication is needed.

Q: How current is the data? Data is fetched live on each Actor run directly from Deribit. Timestamps reflect the moment of the API call, typically accurate to within seconds.

Q: Can I track weekly expiries separately from quarterly expiries? Yes — use maxDaysToExpiry to narrow the expiry window. For example, setting maxDaysToExpiry: 7 returns only instruments expiring within the next week. Post-processing on the expiry_date field gives full expiry-level segmentation.

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Disclaimer: Options data is sourced from Deribit's public API for informational purposes. Not affiliated with Deribit. Not financial or investment advice. Options trading involves substantial risk of loss.

Keywords: crypto options tracker, BTC ETH options data, Deribit options analytics, implied volatility, put/call ratio, max pain strike, IV skew, options Greeks, open interest BTC ETH