$BTC options flow — 2026-05-15

btc at $82,736. put/call oi ratio 0.68, put/call volume ratio 0.76. calls dominate both. nearest expiry 16may26 max-pain $80,500, atm iv 32.7%. dealer hedging flips from gamma short to gamma long if spot drops below $80,500. below that, dealers buy the dip, above they sell the r

btc at $82,736. put/call oi ratio 0.68, put/call volume ratio 0.76. calls dominate both. nearest expiry 16may26 max-pain $80,500, atm iv 32.7%.

dealer hedging flips from gamma short to gamma long if spot drops below $80,500. below that, dealers buy the dip, above they sell the rip. currently above max-pain so dealers are net sellers of upside.

canonical cta: more at falsifylab.substack.com #OnchainAlpha #BTCFlow $BTC

— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.


Originally published on FalsifyLab Substack.



Looking for comments…

Searching Nostr relays. This may take a moment the first time this article is opened.