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BTC Options Pulse

Live · Deribit
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IV Skew Signal
Put IV − Call IV (25Δ OTM)
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Call Skew (Bullish)NeutralPut Skew (Bearish)
Call IV (OTM)
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Skew
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Put IV (OTM)
—
Calculating...
P/C OI Ratio Signal
Total put OI ÷ call OI (all expiries)
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<0.5 Euphoria0.7–1.0 Normal>1.5 Fear
0.30.71.01.52.0+
Total Call OI
—
P/C Ratio
—
Total Put OI
—
Calculating...
IV Spike Signal
ATM IV vs term structure avg
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CompressedNormalSpike
Near ATM IV
—
Term Avg IV
—
Δ vs Avg
—
Calculating...
Gamma Balance Index
(CallGEX − PutGEX) / TotalGEX
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Put DominantBalancedCall Dominant
−1−0.50+0.5+1
Call GEX
—
Balance
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Put GEX
—
Gamma Load
—
Calculating...

BTC Options Intelligence

Deribit · Live
Put/Call OI Ratio
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—
Max Pain
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vs BTC spot
Total Call OI
—
Vol: —
Total Put OI
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Vol: —
ATM IV (Calls)
—
Put ATM IV: —
IV Skew (25Δ)
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Put IV − Call IV
Open Interest by Strike
IV Smile — Multi-Expiry
Volume by Strike
IV Term Structure (ATM)
OI Value by Strike

BTC Touch Probability Estimator

Deribit IV · Barrier Model
Parameters
Target BTC Price ($)
Target Date
IV Source
Deribit IV (nearest expiry)
—
Risk-free rate (r):
%
Results
P(Touch)
—
prob. BTC hits target
at any point before date
P(Expire Above)
—
prob. BTC is above target
on the target date
BTC Spot
$—
Days to Target
—
IV Used
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Probability Breakdown
P(Touch) — path probability—
P(Expire Above) — terminal probability—
Touch then fall back below—
Enter a target price and date to calculate.
Touch Probability Across Target Prices (at current IV & date)
Model Notes: P(Touch) uses the reflection principle under risk-neutral GBM (Shreve Vol 2 §7.3): P = N((-a+μT)/σ√T) + e^(2μa/σ²)·N((-a-μT)/σ√T), where a = ln(K/S) > 0 and μ = r − σ²/2. The exponent uses μ (the log-price drift), not r. The first term equals P(Expire Above) exactly. P(Touch) is always ≥ P(Expire Above) since paths only need to graze the barrier, not end above it. IV is sourced from Deribit's nearest listed expiry. Assumes log-normal returns (no jumps, constant vol). Not financial advice. DYOR.

IBIT ETF Intelligence

BlackRock iShares · Finnhub
iShares ↗
IBIT Price
$—
—
BTC per Share
0.000568
Shares per BTC: 1,761
Implied BTC Price
$—
IBIT Price ÷ Ratio
Premium / Discount
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vs BTC Spot
IBIT ↔ BTC Converter
IBIT Shares → Bitcoin
shares
— BTC
— USD
Bitcoin → IBIT Shares
BTC
— shares
— USD at market
Options Break-Even
Call & Put
IBIT Strike ($)
Premium ($)
BTC for ITM
—
Strike ÷ ratio
Call Break-Even
—
(Strike+Premium)÷ratio
Put Break-Even
—
(Strike−Premium)÷ratio
vs Current BTC
—
BTC needs to move
IBIT Strike → BTC Price Reference
Ratio: 0.000568 BTC/share
IBIT Strike BTC for ITM vs Current BTC % Move Needed
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BTC Market Intelligence

Market Cap
$—
Dominance: —
24h Volume
$—
vs 7d avg
Block Height
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~10 min intervals
Circulating Supply
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of 21,000,000 BTC
BTC / USD — Price History
Binance API
Fear & Greed Index
alternative.me
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Loading…
Network Stats
mempool.space
Mempool TXs
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Fee Rate (sat/vB)
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Hash Rate (EH/s)
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Difficulty Adj.
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Recent Blocks
mempool.space
Loading blocks…
🐋 Whale Alert
Simulated · Whale-Alert.io style
Scanning blockchain…
Strategy Preferred Securities
Live prices via Finnhub · Data from strategy.com
strategy.com ↗
Loading STRD…
Loading STRK…
Loading STRC…
S
STRK Embedded Call Analytics
Options Pricing Model · Live MSTR Price · 10 STRK → 1 MSTR @ $1,000
Finnhub · Options Model
MSTR Price LIVE
$
Strike: $1,000
Moneyness
—
—
Call Option Value
$—
per STRK share
Option % of STRK Price
—
embedded call premium
Intrinsic Value
$—
per STRK share
Time Value
$—
vol × time premium
Option Greeks
Implied Volatility (σ)
80%
20%Low Vol80% (base)High Vol200%
Horizon (Years)
5.0 yrs
1y5y (base)10y15y20y
Δ Delta
—
prob-weighted exposure
Γ Gamma
—
delta sensitivity to S
Θ Theta (daily)
—
time decay per day
Vega (per 1% σ)
—
value per 1% vol move
Rho (per 1% rate)
—
value sensitivity to risk-free rate
Risk-free rate (r):
%
Embedded Call Value vs MSTR Price
Total Value
Intrinsic
Time Value
Strike $1,000
MSTR Price Scenarios → Embedded Call Value
10 STRK = 1 MSTR. Option per STRK share = call value ÷ 10
MSTR Price Call Value Per STRK Moneyness
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Conversion Economics
Conv. Ratio
10 STRK : 1 MSTR
Conv. Price
$1,000 / MSTR
MSTR for ITM
$1,000.00
MSTR needs to move
—
Conv. Value (10 STRK)
—
Conversion Premium
—
Vol Sensitivity (at current MSTR)
Model Notes: The STRK embedded call is valued using a standard options pricing framework applied to 0.1 MSTR shares (10:1 conversion ratio) with a $1,000 strike. MSTR functions as a leveraged BTC proxy — its volatility is structurally higher than spot BTC, reflecting the company's leveraged treasury strategy. Because STRK is perpetual with no maturity date, the horizon input represents your assumed monetization window rather than a contractual expiry. Outputs are illustrative and intended to help frame the optionality embedded in the security. Not financial advice. DYOR.
Strategy (MSTR) Treasury
CoinGecko · Public Filings
MSTR
$—
—
BTC Holdings
720,737 BTC
Avg Cost / BTC
$75,985
BTC Value
$—
Unrealized P&L
—
% of BTC Supply
3.43%
Capital Plan
42/42 ($84B)
Capital Stack (Senior → Junior)
Debt
Convertible Notes
STRF
10% Cumulative
STRC
Variable ~11.5%
STRK
8% Convertible
STRD
10% Non-cum.
MSTR
Common Equity
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