Grayscale Bitcoin Trust (BTC) (GBTC) Options

61.59 ↑0.00 (0.00%)

As of December 31, 1969, 7:00pm EST.

GBTC Max Pain

The max pain for GBTC on April 17th, 2025 is $68.

Grayscale Bitcoin Trust (BTC) is currently $61.59 which is -9.43% lower than its max pain. According to the max pain theory, Grayscale Bitcoin Trust (BTC) will likely gravitate higher closer to $68 by April 17th.

Outlook: Positive

GBTC Max Pain Distribution Chart

Option Chain

The option chain for Grayscale Bitcoin Trust (BTC) on April 17th.

Calls

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
35	0	N/A	29	33	0	0	307.6	0.9233	0.0039	-0.2253	0.0173	33
40	0	N/A	26	26.9	0	0	131.41	0.9877	0.002	-0.0257	0.0038	26.45
45	23.6	11.38%	21.1	22	0	3	119.02	0.972	0.0045	-0.0434	0.0077	21.55
50	16	7.16%	16.2	17.1	0	19	99.73	0.9516	0.0084	-0.0557	0.0121	16.65
55	11.05	7.24%	11.5	12.4	4	14	87.64	0.8973	0.017	-0.0842	0.0215	11.95
56	14.3	14.14%	10.7	11.3	0	7	83.55	0.8853	0.0193	-0.0868	0.0233	11
57	9.3	7.65%	9.7	10.6	0	1	83.1	0.8621	0.022	-0.0973	0.0265	10.15
58	8.8	8.46%	8.3	10.2	0	2	80.03	0.8429	0.025	-0.1019	0.0289	9.25
59	10	12.03%	8.1	8.5	0	4	74.89	0.8263	0.0285	-0.1018	0.0308	8.3
60	5.9	7.00%	7.2	7.7	0	27	72.53	0.799	0.0322	-0.1074	0.0338	7.45
61	6.3	9.27%	6.1	6.9	0	4	66.76	0.7773	0.0371	-0.1051	0.0359	6.5
62	6	10.41%	5.7	6	0	8	68.43	0.7312	0.0401	-0.1182	0.0397	5.85
63	5.05	10.49%	3.6	5.4	4	9	65.23	0.6934	0.0448	-0.1196	0.0422	5.05
64	4.07	10.52%	4	4.7	3	27	57.24	0.6586	0.0533	-0.1099	0.0441	4.07
65	3.4	11.06%	3.3	4.1	3	203	55.52	0.6042	0.0577	-0.1115	0.0463	3.4
66	3.24	12.42%	3	3.6	10	36	63.37	0.5446	0.052	-0.1298	0.0477	3.24
67	2.7	13.17%	1.8	2.95	8	209	61.95	0.4912	0.0536	-0.1273	0.048	2.7
68	2.29	14.13%	1.95	2.4	8	130	62.16	0.4392	0.0528	-0.126	0.0474	2.29
69	1.55	14.55%	1.6	1.8	5	94	57.37	0.3763	0.055	-0.1119	0.0456	1.7
70	1.45	16.01%	1.1	1.65	28	438	58.8	0.33	0.0512	-0.1091	0.0435	1.45
71	1.25	17.31%	1.05	1.2	10	353	57.43	0.2779	0.0486	-0.0986	0.0403	1.13
72	0.85	18.28%	0.8	0.95	24	111	56.02	0.2284	0.0449	-0.0866	0.0364	0.85
73	0.58	19.47%	0.3	0.85	35	248	53.2	0.1757	0.0404	-0.0702	0.0311	0.58
74	0.35	20.72%	0.3	0.6	1	475	49.55	0.1233	0.0342	-0.0515	0.0245	0.35
75	0.35	22.34%	0.35	0.5	13	828	53.79	0.1155	0.0301	-0.0533	0.0234	0.35
76	0.23	23.77%	0.1	1	14	1799	52.03	0.0835	0.0245	-0.0407	0.0185	0.23
77	0.22	25.38%	0.15	1.9	1	2272	55.18	0.0766	0.0217	-0.0404	0.0173	0.22
78	0.18	26.94%	0.15	0.25	2	2792	56.25	0.0636	0.0184	-0.0356	0.015	0.18
79	0.2	28.59%	0.05	0.25	36	4120	61.01	0.0651	0.0173	-0.0393	0.0153	0.2
80	0.15	30.13%	0.05	0.55	40	4704	60.73	0.051	0.0143	-0.0323	0.0126	0.15
81	0.11	31.69%	0.05	0.2	1	109	60.32	0.0392	0.0117	-0.0259	0.0102	0.11
82	0.3	33.63%	0	0.3	0	134	66.99	0.047	0.0122	-0.0333	0.0118	0.15
83	0.1	34.92%	0	0.4	0	142	74.04	0.0555	0.0126	-0.042	0.0135	0.2
84	0.05	36.47%	0	1.35	0	86	102.33	0.1203	0.0163	-0.1036	0.0241	0.68
85	0.07	38.12%	0	0.35	0	92	78.11	0.0473	0.0105	-0.039	0.0119	0.18
86	0.18	39.93%	0	1.35	0	26	109.39	0.1143	0.0147	-0.1068	0.0232	0.68
87	0.1	41.42%	0	1.35	0	12	112.81	0.1116	0.014	-0.1082	0.0229	0.67
88	0.1	43.04%	0	1.3	0	40	115.04	0.1066	0.0133	-0.1067	0.0221	0.65
89	0.05	44.59%	0	1.3	0	239	118.3	0.1043	0.0127	-0.108	0.0218	0.65
90	0.01	46.14%	0	0.6	1	135	62.58	0.0044	0.0017	-0.0041	0.0015	0.01
91	0.05	47.83%	0	1.3	0	3	124.65	0.1002	0.0117	-0.1105	0.0211	0.65
92	0.05	49.46%	0	1.3	0	2	127.74	0.0983	0.0113	-0.1116	0.0208	0.65
93	0.1	51.16%	0	0.75	0	38	115.58	0.0666	0.0093	-0.0753	0.0155	0.38
94	0.14	52.85%	0	1.3	0	3	133.76	0.0949	0.0105	-0.1139	0.0203	0.65
95	0.05	54.33%	0	0.05	0	58	79.82	0.0082	0.0023	-0.009	0.0027	0.03
100	0.05	62.45%	0	0.05	0	131	89.61	0.0074	0.0019	-0.0093	0.0025	0.03

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
35	0	N/A	0	1.3	0	0	240.53	-0.0458	0.0033	-0.1156	0.0116	0.65
40	0.12	-34.86%	0	1.35	0	1	199.65	-0.0569	0.0048	-0.1138	0.0137	0.68
45	0.09	-26.79%	0	1.4	0	38	162.77	-0.0713	0.007	-0.1105	0.0164	0.7
50	0.35	-18.25%	0.05	2.25	2	92	106.65	-0.0589	0.0092	-0.0623	0.0141	0.35
55	0.47	-9.94%	0.15	0.6	23	73	83.68	-0.0937	0.0166	-0.0694	0.0201	0.47
56	0.75	-7.86%	0.35	0.75	3	52	89.66	-0.1293	0.0196	-0.0937	0.0253	0.75
57	0.7	-6.32%	0.5	3.5	2	18	81.19	-0.1333	0.0221	-0.0865	0.0259	0.7
58	0.65	-4.77%	0.5	1	0	6	76.54	-0.1481	0.0251	-0.0875	0.0278	0.75
59	0.83	-2.86%	0.65	1.05	1	18	72.67	-0.1677	0.0287	-0.09	0.0302	0.83
60	1.15	-0.71%	0.9	1.25	271	142	75.56	-0.2093	0.0317	-0.1073	0.0346	1.15
61	1.2	0.99%	0	2.15	43	63	69.64	-0.2311	0.0364	-0.1045	0.0366	1.2
62	1.47	3.05%	1.3	1.75	0	49	70.45	-0.274	0.0394	-0.1155	0.04	1.53
63	1.58	4.85%	1.35	2	13	212	63.73	-0.304	0.0457	-0.1094	0.0421	1.58
64	1.96	7.10%	1.2	2.05	14	98	63.93	-0.3536	0.0494	-0.1164	0.0447	1.96
65	2.3	9.27%	2.1	2.85	15	212	62.15	-0.4032	0.0519	-0.1175	0.0465	2.3
66	2.81	11.72%	2.4	3	14	121	62.91	-0.4565	0.0525	-0.1216	0.0477	2.81
67	3.8	14.95%	3	3.6	1	62	62.12	-0.5098	0.0535	-0.1203	0.0479	3.3
68	4.05	16.98%	3.4	4.1	1	296	65.71	-0.5564	0.0501	-0.1259	0.0475	4.05
69	4.88	19.95%	3.9	4.8	4	306	58.63	-0.622	0.0541	-0.1072	0.0457	4.35
70	5.6	22.75%	3	5.2	1	61	35.19	-0.7914	0.0689	-0.0457	0.0344	4.1
71	6.64	26.06%	5.4	5.9	1	11	55.71	-0.7319	0.0495	-0.0869	0.0396	5.65
72	4.4	24.05%	6.3	6.7	0	6	57.52	-0.7677	0.0445	-0.0828	0.0367	6.5
73	5.1	26.81%	7.1	7.6	0	18	58.56	-0.8018	0.0399	-0.0763	0.0334	7.35
74	8.48	33.92%	8	8.4	0	19	58.72	-0.8357	0.0355	-0.0674	0.0297	8.2
75	7.6	34.11%	8.6	9.4	0	29	55.78	-0.8795	0.0304	-0.0507	0.024	9
76	10.2	39.96%	9.5	10.3	0	1	55.3	-0.9074	0.0255	-0.0408	0.0198	9.9
77	11.6	43.85%	10.4	11.3	0	0	56.41	-0.9237	0.0217	-0.0355	0.0171	10.85
78	13.12	47.95%	11.4	12.2	0	3	56.79	-0.9409	0.0178	-0.0288	0.014	11.8
79	0	N/A	12.2	13.2	0	0	50	-0.9779	0.0092	-0.01	0.0061	12.7
80	0	N/A	13.2	14.1	0	0	80.21	-0.8894	0.0199	-0.0701	0.0226	14.1
81	0	N/A	14.3	15.1	0	0	55.88	-0.9817	0.0069	-0.0096	0.0051	14.7
82	15.6	58.47%	15.2	16.2	0	0	58.72	-0.9825	0.0064	-0.0097	0.0049	15.7
83	0	N/A	16.2	16.9	0	0	80.43	-0.9311	0.014	-0.0479	0.0158	16.9
84	20.2	69.18%	17.2	18	0	4	89.65	-0.9177	0.0143	-0.0625	0.0182	18
85	0	N/A	18.2	19.1	0	0	98.23	-0.9052	0.0145	-0.0769	0.0202	19.1
86	0	N/A	19.2	20.1	0	0	101.61	-0.9076	0.0137	-0.0781	0.0199	20.1
87	23.1	78.76%	20.3	21.1	0	0	72.2	-0.9851	0.0045	-0.0105	0.0043	20.7
88	0	N/A	21.2	22.1	0	0	108.16	-0.9119	0.0125	-0.0803	0.0192	22.1
89	0	N/A	22.2	23.1	0	0	111.35	-0.9138	0.0119	-0.0814	0.0189	23.1
90	0	N/A	23.2	24.1	0	0	114.48	-0.9156	0.0114	-0.0824	0.0186	24.1
91	0	N/A	24.2	25.1	0	0	117.55	-0.9172	0.011	-0.0833	0.0183	25.1
92	0	N/A	23	28	0	0	189.09	-0.783	0.013	-0.271	0.0353	28
93	0	N/A	24.6	27.4	0	0	138.39	-0.8903	0.0114	-0.1232	0.0225	27.4
94	0	N/A	25	30	0	0	196.38	-0.7884	0.0123	-0.2773	0.0348	30
95	0	N/A	26.9	30	0	0	168.28	-0.8478	0.0117	-0.1911	0.0283	30
100	0	N/A	31.7	34.4	0	0	159.09	-0.9009	0.0092	-0.1317	0.0209	34.4