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

Crypto Options Analytics scrapes live BTC and ETH options data from Deribit — the world's largest crypto options exchange — returning the full options chain: implied volatility surface, put/call ratio, max pain price, and options OI by strike and expiry. No API key required. $0.0001/contract.

Options markets price in the distribution of future outcomes that spot and futures can't. IV surface, max pain, and put/call ratio are essential inputs for any sophisticated crypto trader or researcher — and this actor delivers them in structured form from the most liquid venue globally.

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Why use Crypto Options Analytics?

1. Max pain analysis — max_pain_strike per expiry is the price where the most options expire worthless — historically, spot price has gravitational pull toward max pain near expiry. Use it for short-term price targeting.
2. Options wall detection — Find large call/put OI concentrations at specific strikes. Massive call wall at $110K = dealer gamma resistance; massive put floor at $90K = dealer gamma support.
3. IV surface for volatility trading — The full implied volatility surface (strike × expiry) enables vol skew analysis. High call skew = bullish options demand; high put skew = hedging demand / fear.
4. Put/call ratio sentiment — OI-weighted put/call ratio per expiry. Ratio > 0.7 = elevated hedging/bearish positioning; < 0.4 = call-heavy bullish sentiment. Contrarian signals when extreme.
5. Expiry-specific research — Filter to a specific date (e.g. end-of-quarter, end-of-year expiry) for granular positioning analysis around key dates.

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How to use

1. Open the actor on Apify Store and click Try for free.
2. Set currencies to the assets you want (BTC, ETH, or SOL).
3. Set expiryFilter to focus on specific expiries ("weekly", "monthly", or a specific date like "27JUN25").
4. Enable includeGreeks: true if you need delta/gamma/theta/vega.
5. Click Start. Returns per-contract rows plus a SUMMARY with put/call ratios and max pain.

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Input

Parameter	Type	Default	Description
currencies	string[]	["BTC","ETH"]	Currencies: BTC, ETH, SOL
expiryFilter	string	"all"	"all", "weekly", "monthly", or specific date like "27JUN25"
includeGreeks	boolean	false	Add delta/gamma/theta/vega to output
minOpenInterestUsd	integer	0	Exclude contracts below this OI threshold

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Output

Per contract:

{
  "currency": "BTC",
  "expiry": "27JUN25",
  "strike": 100000,
  "option_type": "call",
  "iv": 62.5,
  "bid_iv": 61.8,
  "ask_iv": 63.2,
  "mark_price": 0.0245,
  "index_price": 97850.0,
  "open_interest": 142.5,
  "open_interest_usd": 13944187.5,
  "volume_24h": 18.3,
  "timestamp": "2026-09-02T14:32:00+00:00"
}

SUMMARY (key-value store):

{
  "put_call_ratios": {
    "27JUN25": { "put_oi_usd": 850000000, "call_oi_usd": 1200000000, "put_call_ratio": 0.708 }
  },
  "max_pain_by_expiry": {
    "27JUN25": { "max_pain_strike": 95000, "total_oi_loss": 125000000 }
  }
}

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Cost estimation

Pay-Per-Event: $0.0001 per option contract.

Use case	Contracts	Estimated cost
BTC, 1 expiry (~150–300 contracts)	200	~$0.02/run
BTC + ETH, all expiries (~1,000–3,000)	2,000	~$0.20/run
Weekly expiry focus (~100 contracts)	100	~$0.01/run
Daily monitoring (all exps)	2,000/day	~$0.20/day

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FAQ

What is max pain and why does it matter? Max pain is the strike price where the total dollar value of in-the-money options (combined calls and puts) is minimized — i.e., where market makers and options writers lose the least. Historically, crypto spot prices tend to gravitate toward max pain in the days before a major expiry.

How does the IV surface help traders? IV varies across strikes (skew) and expiries (term structure). High IV at near-term strikes vs. far-term = elevated short-term uncertainty. Call skew (OTM calls pricing at higher IV than OTM puts) = bullish sentiment bias in options markets.

Does it include SOL options? Yes — set currencies: ["SOL"]. Deribit added SOL options in 2024; liquidity is lower than BTC/ETH so OI values will be smaller.

Is Greek data (delta, gamma) available? Yes — set includeGreeks: true. This adds delta, gamma, theta, and vega per contract from Deribit's mark pricing model.

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Related actors

• Crypto Derivatives Exchange Tracker — Derivatives market share (futures OI) across 20+ exchanges to complement options data
• Long/Short OI Aggregator — Futures long/short positioning alongside options put/call ratio
• Social Sentiment Aggregator — Reddit + Fear & Greed sentiment to cross-validate options-based sentiment signals

Feedback

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Keywords: crypto options analytics, Deribit options chain, implied volatility surface, put call ratio, max pain price, BTC options OI, ETH options data, crypto IV surface, options open interest, crypto derivatives data, volatility skew, Deribit scraper, crypto quant data