MacroHigh impactConfirmed
Deribit Quarterly BTC and ETH Options Expiry, December 25, 2026
Deribit's quarterly BTC and ETH options expiry settles on Friday, December 25, 2026 at 08:00 UTC.
About this event
The quarterly BTC and ETH options contracts on Deribit reach their expiry settlement at 08:00 UTC on Friday, December 25, 2026.
The last trading day for CME Bitcoin futures falls one day earlier, on December 24, 2026 at 16:00 London (16:00 UTC). A further edition of this quarterly expiry series is scheduled for March 26, 2027.
Key facts
ExpiryQuarterly options expiry
Settlement time2026-12-25 08:00 UTC
Combined BTC + ETH notional open interest$12.13B
BTC options notional open interest$10.65B
BTC options open interest (contracts, 1 BTC each)121,579
BTC put/call open interest ratio0.61
BTC max pain strike$75,000
BTC index price when read$86,597
ETH options notional open interest$1.48B
ETH options open interest (contracts, 1 ETH each)537,622
ETH put/call open interest ratio0.41
ETH max pain strike$2,200
ETH index price when read$2,721
CME Bitcoin futures (BTC) last trading day2026-12-24 16:00 London (16:00 UTC)
CME futures expire the same dayNo
What to watch
- 1The CME Bitcoin futures last trading day on December 24, 2026
- 2The quarterly expiry dated March 26, 2027
