Crypto calendarOptions expiry
Bitcoin options expiry dates
Deribit, where most crypto options trade, settles its monthly BTC and ETH options at 08:00 UTC on the last Friday of each month. The March, June, September and December expiries are the quarterlies, and usually the largest.
November 27, 2026
Your time · 08:00 UTC · In 16 days
BTC options
- Open interest
- $5.90B
- Max pain
- $79,000
- Put/call
- 0.96
ETH options
- Open interest
- $528.4M
- Max pain
- $2,350
- Put/call
- 0.50
Monthly and quarterly expiries
| Date | Type | BTC open interest | BTC max pain | ETH open interest | Your time |
|---|---|---|---|---|---|
| Nov 27, 2026 | Monthly | $5.90B | $79,000 | $528.4M | |
| Dec 25, 2026 | Quarterly | $10.5B | $75,000 | $1.33B | |
| Jan 29, 2027 | Monthly | $468.2M | $78,000 | $75.3M | |
| Feb 26, 2027 | Monthly | Not listed yet | |||
| Mar 26, 2027 | Quarterly | $3.50B | $76,000 | $468.8M | |
| Apr 30, 2027 | Monthly | Not listed yet | |||
| May 28, 2027 | Monthly | Not listed yet | |||
| Jun 25, 2027 | Quarterly | $1.28B | $78,000 | $187.0M | |
| Jul 30, 2027 | Monthly | Not listed yet | |||
| Aug 27, 2027 | Monthly | Not listed yet | |||
| Sep 24, 2027 | Quarterly | $658.8M | $84,000 | $78.3M | |
| Oct 29, 2027 | Monthly | Not listed yet | |||
| Nov 26, 2027 | Monthly | Not listed yet | |||
| Dec 31, 2027 | Quarterly | Not listed yet | |||
| Jan 28, 2028 | Monthly | Not listed yet |
Worked out from Deribit’s rule for monthly options. Open interest and max pain are read from Deribit’s public market data and refreshed hourly; open interest is valued at the index price. Expiries Deribit has not listed yet have no numbers. Check Deribit’s own instrument list before trading on a date.
What happens at expiry
An option gives the right to buy (a call) or sell (a put) at a set price, the strike, until a set date. On Deribit, BTC and ETH options are European-style and settle automatically: at 08:00 UTC on expiry day each one pays out the difference between the settlement price and its strike, if that difference is in the holder’s favour, and the rest expire worthless. No coins change hands beyond that payout.
The settlement price is an average of Deribit’s index over the half hour before 08:00 UTC. Market makers who sold options hedge them with futures or spot, and as expiry nears and those hedges are adjusted or removed, the price can be pulled towards or pushed away from strikes with large open interest.
Questions people ask
At 08:00 UTC. That is 09:00 in Central Europe in winter, 3:00 a.m. Eastern in winter and 4:00 a.m. Eastern during US daylight saving time.
The quarterly expiries, on the last Friday of March, June, September and December, usually carry the most open interest. December’s is often the largest of the year.
Yes. Deribit also lists daily options, which expire at 08:00 UTC every day, and weekly ones that expire on Fridays. This page lists the monthly and quarterly dates, which hold most of the open interest.
It can. Before a large expiry, dealers hedging their positions can hold the price near strikes with a lot of open interest, and those hedges come off once the options settle. Many expiries pass without a visible effect.
The strike price at which the options expiring on a date would pay out the least in total. Some traders watch it as a level the price drifts towards before expiry; the evidence for that is mixed.
Other release dates
US CPIFOMC decisionUS jobs reportUS PCE inflationUS PPIUS GDPUS retail salesUS job openings (JOLTS)
ECB decision
BoE decision
BoJ decisionFOMC minutesBitcoin halvingUS market holidays
Token unlocksMacro releases, token unlocks and the halving are on the crypto calendar.
Options, perps and spot in one portfolio
TrueHold reads your exchange accounts and wallets together, so expiry day shows up as what it means for everything you hold.
Information only, not financial advice. TrueHold is not affiliated with Deribit.