Bitcoin Options

Bitcoin Options Gamma Exposure (GEX) Charts

Gamma exposure describes how option delta changes as the underlying Bitcoin price changes, under the model's positioning assumptions. GEX profiles and gamma flip levels are estimates; they do not reveal every participant's hedge or establish a guaranteed support or resistance level.

Bitcoin options give the holder the right, but not the obligation, to buy or sell Bitcoin at a specified strike under the contract's settlement terms. Calls and puts can be compared by strike and expiry using the options chain, open-interest charts and trading-volume views.

Implied volatility reflects the volatility priced into options, while realized volatility describes past price changes. Options volume, open interest, skew and gamma exposure provide different views of positioning and pricing; none alone establishes the direction of the next Bitcoin price move.