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eth options

Ethereum Options Chain

Live ETH calls and puts across every major exchange

View the live ETH chain →

Live Ethereum options, all venues in one place

option.watch streams the complete Ethereum options chain in real time. For any expiry you see live bids, asks and quantities at every strike for both calls and puts, refreshed every 100ms over a WebSocket feed straight from each exchange — never delayed, never cached.

Ethereum is the second-largest crypto options market after Bitcoin, and option.watch brings every major venue into one interface so you can compare ETH pricing for the same strike and expiry across centralised and on-chain exchanges instantly.

Where Ethereum options trade

Deribit Binance Bybit OKX Derive Aevo Bullish

Deribit is the most liquid Ethereum options venue, listing both an inverse ETH chain (settled in ETH) and a linear ETH/USDC chain. Binance and Bullish bring large centralised volume, while Bybit and OKX add further USDC-settled ETH chains (OKX also runs an inverse ETH-USD series). On the DeFi side, Derive and Aevo offer real on-chain order books for ETH options settled in USDC.

Ethereum vs Bitcoin implied volatility

Ethereum options usually trade at a higher implied volatility than Bitcoin, reflecting ETH's larger relative price swings and event-driven moves around network upgrades. Open the IV view to watch the live ETH volatility smile, and put it beside the BTC surface to compare skew and term structure at matching expiries. The proprietary Middle Line gives a reliable price reference even on thin, far-out-of-the-money ETH strikes where the raw bid/ask is wide or missing.

Inverse vs linear Ethereum options

Inverse (coin-margined) ETH options on Deribit and OKX are priced and settled in Ether, so premiums appear as small ETH fractions and the payout is convex in USD terms. Linear ETH options on Binance, Bybit, Derive, Aevo and Bullish are priced and settled in USDC and quoted in plain dollars. option.watch labels the price currency for every chain and shows the native unit on the chart axis.

Open live ETH options →

FAQ

Where can I see a live Ethereum options chain for free?
option.watch streams the full ETH chain in real time from seven exchanges, updating every 100ms with no login required.

Does Ethereum have higher implied volatility than Bitcoin?
Usually yes — ETH typically carries a higher IV. You can compare the two surfaces side by side here.

Why does Deribit show ETH twice?
Deribit runs parallel series per expiry: an inverse chain (ETH, settled in ETH) and a linear chain (ETH/USDC, settled in USDC). Both are shown so you can choose your collateral.

See also: Bitcoin options chain · Solana options chain · about option.watch