BTC · Next Friday expiry · 13 Nov
- Max pain
- $78,000
- Spot
- $76,087
- Open interest
- 9,374 calls / 12,165 puts BTC
- Put/call
- 1.30
- Notional
- $1.64B
- Largest strike
- 74k puts · 4,187 BTC
Updated 09:19 UTC · Deribit
BTC and ETH max pain today, 6 November 2026
Where option sellers lose the least at expiry, computed from live Deribit open interest. Updated every hour, free.
BTC max pain $78,000 · Spot $76,087 | ETH max pain $2,300 · Spot $2,241
Our test, 468 Deribit expiries since 7 March 2026: price settled exactly at max pain 37% of the time. Call walls held 50%, put walls 42%. Max pain is a map, not a forecast.
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- ◆BTC and ETH max pain for the expiry
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- ◆Our test: exact max pain hit in 37% of 468 expiries
- ◆Public record of hits and misses in the Docket
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BTC · Monthly expiry · 27 Nov
- Max pain
- $80,000
- Spot
- $76,087
- Open interest
- 37,242 calls / 31,468 puts BTC
- Put/call
- 0.84
- Notional
- $5.23B
- Largest strike
- 90k calls · 4,488 BTC
ETH · Next Friday expiry · 13 Nov
- Max pain
- $2,300
- Spot
- $2,241
- Open interest
- 33,452 calls / 82,876 puts ETH
- Put/call
- 2.48
- Notional
- $261M
- Largest strike
- 2000 puts · 47,810 ETH
ETH · Monthly expiry · 27 Nov
- Max pain
- $2,450
- Spot
- $2,241
- Open interest
- 153,239 calls / 79,892 puts ETH
- Put/call
- 0.52
- Notional
- $523M
- Largest strike
- 3000 calls · 19,728 ETH
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Test your expiry ideaFAQ
What is max pain?
Max pain is the settlement price at which open option contracts lose the most value in total, so buyers collect the least. It is calculated from open interest at every strike.
How is it calculated here?
For each candidate strike we add the intrinsic value of all calls and puts of that expiry using live Deribit open interest. The strike with the smallest total is max pain.
How often is the page updated?
Every hour from the Deribit public API. The time of the last update is shown at the top in UTC.
Is max pain a price prediction?
No. It is a map of where option money sits. In our test of 468 Deribit expiries since 7 March 2026, price settled exactly at max pain only 37% of the time. Our public journal shows every hit and miss.