Grayscale Bitcoin Trust (BTC) (GBTC) Options

66.32 ↑1.56 (2.41%)

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 $66.32 which is -2.47% 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	31	31.6	0	0	119.27	0.9935	0.001	-0.0127	0.0027	31.3
40	0	N/A	26	26.6	0	0	92.57	0.9938	0.0013	-0.0111	0.0026	26.3
45	23.6	3.44%	21.2	21.7	0	3	94.63	0.9716	0.0045	-0.0295	0.0098	21.45
50	16.41	0.14%	16.3	16.8	3	10	67.7	0.9717	0.0063	-0.0231	0.0098	16.41
55	13.6	3.44%	11.4	11.9	0	14	61.02	0.9215	0.0159	-0.0414	0.0221	11.65
56	14.3	6.00%	9	10.9	0	7	65.87	0.8853	0.0195	-0.0564	0.0293	10.9
57	0	N/A	9.7	10	0	0	59.15	0.8831	0.022	-0.0519	0.0296	9.85
58	0	N/A	8.8	9.3	0	0	60.22	0.8521	0.0254	-0.0609	0.0349	9.05
59	10	4.04%	8	8.4	0	4	58.92	0.826	0.0289	-0.0657	0.0388	8.2
60	7.57	1.88%	7.1	7.4	4	26	54.64	0.807	0.0332	-0.065	0.0414	7.25
61	6.3	1.48%	6.3	6.6	7	11	50.18	0.7849	0.0386	-0.0637	0.0441	6.3
62	6	2.53%	5.6	5.8	1	7	52.71	0.7328	0.0413	-0.074	0.0497	5.7
63	8	7.06%	4.9	5.1	0	9	52.09	0.6889	0.0449	-0.0779	0.0533	5
64	6.23	5.90%	4.2	4.4	0	20	50.65	0.6433	0.0488	-0.0796	0.0563	4.3
65	3.81	3.75%	3.3	4	1	165	52.05	0.5909	0.0494	-0.0845	0.0587	3.81
66	3.05	4.12%	1.95	4	17	22	48	0.5399	0.0548	-0.0796	0.0599	3.05
67	2.6	4.95%	2.6	2.75	11	212	48.3	0.4856	0.0547	-0.08	0.0602	2.6
68	2.2	5.85%	2.15	3.6	16	107	48.54	0.4328	0.0537	-0.079	0.0594	2.2
69	1.78	6.72%	1.75	1.9	3	26	47.57	0.3785	0.053	-0.0746	0.0574	1.78
70	1.43	7.71%	1.4	2.5	14	423	46.9	0.3264	0.0509	-0.0696	0.0544	1.43
71	1.24	8.93%	1.15	1.3	27	322	48.38	0.2873	0.0467	-0.0676	0.0515	1.24
72	0.95	10.00%	0.9	1.1	24	107	47.13	0.2391	0.0436	-0.0599	0.0468	0.95
73	0.75	11.20%	0.7	0.9	4	233	46.86	0.1996	0.0395	-0.0536	0.0422	0.75
74	0.7	12.64%	0.55	0.7	7	256	49.58	0.1812	0.0352	-0.0532	0.0398	0.7
75	0.5	13.84%	0.45	0.55	87	896	47.82	0.142	0.0311	-0.0438	0.0339	0.5
76	0.44	15.26%	0.35	0.5	10	1801	49.38	0.1247	0.0276	-0.0413	0.031	0.44
77	0.33	16.60%	0.25	0.85	127	2406	48.74	0.0992	0.0237	-0.0345	0.0264	0.33
78	0.55	18.44%	0.25	0.35	0	2795	50.56	0.0889	0.0211	-0.033	0.0243	0.3
79	0.26	19.51%	0.2	0.3	29	4141	51.71	0.0774	0.0186	-0.0304	0.0219	0.26
80	0.22	20.96%	0.1	0.25	10	4709	52.51	0.0663	0.0162	-0.0274	0.0194	0.22
81	0.25	22.51%	0.1	0.25	0	109	52.63	0.0543	0.0139	-0.0234	0.0166	0.17
82	0.3	24.10%	0.05	0.4	0	154	58.02	0.0623	0.014	-0.0287	0.0185	0.23
83	0.2	25.45%	0.05	0.2	0	145	54.09	0.0396	0.0105	-0.0187	0.0129	0.13
84	0.05	26.73%	0	1.4	10	76	48.72	0.0193	0.0064	-0.0092	0.0071	0.05
85	0.14	28.38%	0.1	0.35	18	108	59.85	0.0402	0.0096	-0.0209	0.0131	0.14
86	0.18	29.95%	0	1.35	0	26	87.28	0.1142	0.0146	-0.0678	0.0292	0.68
87	0.1	31.33%	0	1.4	0	12	90.86	0.1141	0.0141	-0.0705	0.0291	0.7
88	0.1	32.84%	0	1.35	0	40	92.66	0.109	0.0134	-0.0696	0.0282	0.68
89	0.15	34.42%	0	1.35	0	239	95.27	0.1067	0.0128	-0.0704	0.0278	0.68
90	0.13	35.90%	0	0.25	0	161	69.36	0.0322	0.0069	-0.0201	0.0109	0.13
91	0.14	37.42%	0	1.3	0	2	99.41	0.1001	0.0117	-0.0701	0.0265	0.65
92	0.07	38.83%	0	1.3	0	2	101.86	0.0982	0.0113	-0.0708	0.0262	0.65
93	0.1	40.38%	0	0.75	0	38	92.16	0.0665	0.0093	-0.0477	0.0195	0.38
94	0.09	41.87%	0	1.3	0	1	106.64	0.0948	0.0105	-0.0722	0.0255	0.65
95	0.08	43.37%	0	0.15	0	58	73.32	0.0195	0.0043	-0.014	0.0072	0.08
100	0.05	50.86%	0	0.15	0	131	81.94	0.0178	0.0035	-0.0144	0.0066	0.08

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
35	0	N/A	0	1.35	0	0	192.61	-0.0471	0.0034	-0.0748	0.0148	0.68
40	0.12	-39.51%	0	0.1	0	1	98.83	-0.0093	0.0017	-0.0097	0.0038	0.05
45	0.07	-32.04%	0.05	0.3	0	38	95.24	-0.0292	0.0046	-0.0249	0.01	0.18
50	0.12	-24.43%	0.05	0.35	0	91	74.84	-0.041	0.0078	-0.0258	0.0133	0.2
55	0.25	-16.69%	0.2	0.4	0	62	58.83	-0.072	0.0154	-0.0315	0.0207	0.3
56	0.44	-14.90%	0.45	0.55	1	4	62.5	-0.1044	0.0192	-0.0442	0.0273	0.5
57	0.57	-13.19%	0.5	0.6	5	13	60.04	-0.1203	0.0221	-0.0469	0.0303	0.57
58	0.61	-11.63%	0.6	0.75	2	6	56.34	-0.1342	0.0254	-0.0474	0.0327	0.61
59	0.4	-10.43%	0.75	0.85	0	18	56.58	-0.1661	0.0292	-0.0548	0.0376	0.8
60	0.95	-8.10%	0.9	1.05	8	138	54.94	-0.1947	0.0332	-0.0586	0.0416	0.95
61	1.15	-6.29%	1.1	1.25	2	8	53.83	-0.2293	0.0373	-0.0631	0.0458	1.15
62	1.43	-4.36%	1.35	1.5	49	37	53.62	-0.2708	0.041	-0.0685	0.05	1.43
63	1.55	-2.67%	1.6	1.75	8	33	51.93	-0.3117	0.0452	-0.0706	0.0534	1.68
64	2	-0.48%	1.95	2.1	11	68	50.97	-0.3586	0.0487	-0.073	0.0564	2
65	2.35	1.55%	2.3	2.5	53	170	49.63	-0.4085	0.052	-0.0735	0.0586	2.35
66	2.81	3.75%	2.8	2.95	23	93	49.32	-0.4617	0.0535	-0.0744	0.0599	2.81
67	3.34	6.06%	3.3	3.5	48	73	49.28	-0.5154	0.0538	-0.0743	0.0602	3.34
68	2.15	5.78%	3.8	4	0	299	48.86	-0.569	0.0536	-0.0722	0.0593	3.9
69	2.83	8.31%	4.4	4.6	0	329	48.23	-0.6222	0.0525	-0.0684	0.0573	4.5
70	3.51	10.84%	5.1	5.3	0	128	48.49	-0.6704	0.0499	-0.065	0.0546	5.2
71	4.57	13.95%	5.1	7.5	0	11	55.55	-0.6852	0.0427	-0.0735	0.0536	6.3
72	4.4	15.20%	4.6	6.8	0	6	50.57	-0.7475	0.0423	-0.0591	0.0481	6.8
73	5.28	18.03%	7.3	7.6	0	18	47.09	-0.8045	0.0395	-0.0465	0.0415	7.45
74	8.48	24.37%	8.2	8.5	0	19	48.5	-0.8303	0.0352	-0.0435	0.038	8.35
75	7.6	24.55%	8.5	9.4	0	29	38.81	-0.9217	0.026	-0.0182	0.0217	8.95
76	10.2	29.98%	9.9	11.9	0	1	69.58	-0.7852	0.0281	-0.0752	0.044	10.9
77	5.14	23.85%	10.7	11.3	0	1	47.2	-0.918	0.022	-0.0237	0.0225	11
78	13.12	37.39%	11.7	12.2	0	3	47.74	-0.9338	0.0186	-0.0199	0.0191	11.95
79	0	N/A	12.6	13.2	0	0	47.55	-0.9506	0.0149	-0.0152	0.0151	12.9
80	0	N/A	13.6	14.1	0	0	45.95	-0.9739	0.0091	-0.0081	0.0086	13.85
81	0	N/A	14.7	15.1	0	0	52.79	-0.9546	0.0125	-0.0158	0.0141	14.9
82	15.6	47.17%	15.6	16.1	0	7	50.79	-0.9759	0.0077	-0.0084	0.0081	15.85
83	0	N/A	16.5	17.1	0	0	68.89	-0.9169	0.0151	-0.0364	0.0229	17.1
84	20.2	57.12%	17.6	18.1	0	4	55.43	-0.9774	0.0067	-0.0087	0.0076	17.85
85	0	N/A	18.6	19.1	0	0	57.7	-0.9781	0.0063	-0.0089	0.0074	18.85
86	0	N/A	19.6	21	0	0	85.13	-0.8976	0.0142	-0.0545	0.0268	20.3
87	23.1	66.01%	20.5	21.1	0	1	79.43	-0.9259	0.012	-0.0387	0.021	21.1
88	0	N/A	21.5	22	0	0	76.59	-0.9437	0.0101	-0.0293	0.0169	22
89	0	N/A	22.5	23.1	0	0	84.4	-0.9292	0.0109	-0.0398	0.0203	23.1
90	0	N/A	23.5	25.3	0	0	99.48	-0.8952	0.045	-0.0655	0.0273	24.4
91	0	N/A	24.6	25	0	0	83.58	-0.9473	0.0088	-0.0305	0.016	25
92	0	N/A	25.5	26.1	0	0	91.54	-0.9337	0.0096	-0.0411	0.0192	26.1
93	0	N/A	26.6	27.1	0	0	74.5	-0.9819	0.0079	-0.0099	0.0063	26.85
94	0	N/A	27.5	28	0	0	90.22	-0.9508	0.0077	-0.0312	0.0151	28
95	0	N/A	28.5	29	0	0	92.37	-0.9517	0.0074	-0.0315	0.0149	29
100	0	N/A	33	34.5	0	0	127.28	-0.9013	0.0257	-0.0809	0.0261	34.5