BTC: Options Volume by Strike (Deribit)
Shown as its 3 Oct – 1 Nov 2026 sample; the latest readings and full history are included with Plus.
BTC option notional traded on Deribit each day, by strike, in $5,000 strike bands, as a heatmap.
Why use it. Shows which price levels option traders concentrate on, and how the interest moves with the market. How to read it. Bright bands are strikes where the most notional traded that day. A band brightening above the price shows traders reaching for upside levels; below it, for protection.
Calculation. Each day: notional (contracts x the index price at the trade) of all trades, summed by strike band over every expiry. Days when under half the notional falls inside the strike range the chart can show are left out. Source: every Deribit BTC option trade (the coin-settled contracts) from Deribit's public trade record, complete from the first listed contract, and our own copy of that record for the latest days. OKX and Bybit are not included: their trades are only available from our own capture, which starts on 14 October 2026 13:00 UTC.