ETH Options Expiry Time in India: 1:30 PM vs 5:30 PM
ETH options expire at 1:30 PM IST on Deribit, Binance and Pi42, and 5:30 PM on Delta Exchange India. Next weekly: Fri 2 Oct; monthly: Fri 30 Oct.
Ethereum (ETH) options expire at 1:30 PM IST (08:00 UTC) on Deribit, Binance and Pi42, and at 5:30 PM IST (12:00 UTC) on Delta Exchange India. CoinDCX shows the expiry time on each contract. Daily ETH options expire every day, weeklies on Friday, monthlies on the last Friday of the month and quarterlies on the last Friday of March, June, September and December. The next weekly expiry is Friday 2 October 2026, the next monthly Friday 30 October and the next quarterly Friday 25 December.
Key takeaways
- ETH options follow the same clock as BTC options on each platform: 1:30 PM IST on Deribit, Binance and Pi42; 5:30 PM IST on Delta Exchange India.
- IST has no daylight saving, so these times stay the same all year.
- Settlement uses an average of the ETH index over the last 30 minutes, not the last trade.
- In-the-money options are paid out automatically; the rest expire worthless. No ether is delivered on Indian platforms.
- ETH expiries are smaller than BTC ones, but ether options usually price in bigger moves.
ETH options expiry time by platform
We checked each platform's own contract pages and help guides for ether options specifically:
| Platform | ETH options? | Expiry time (IST) | UTC | ETH expiries listed | Settlement price |
|---|---|---|---|---|---|
| Deribit | Yes | 1:30 PM | 08:00 | Daily, weekly, monthly, quarterly | Average of its ETH index from 1:00 to 1:30 PM IST |
| Binance options | Yes (ETHUSDT) | 1:30 PM | 08:00 | Daily, weekly, monthly, quarterly | See the contract page |
| Pi42 | Yes, INR margin | 1:30 PM | 08:00 | Daily through to quarterly | Cash settled; see the contract page |
| Delta Exchange India | Yes, in rupees | 5:30 PM | 12:00 | Daily, weekly, monthly | 30-minute average of the ETH index before 5:30 PM |
| CoinDCX | Yes (with BTC and SOL) | Shown on each contract | Check the contract | Daily, weekly, monthly, quarterly, yearly | See the contract page |
Two notes on the global venues. Deribit is the largest crypto options exchange and is based outside India; it matters mainly because most ETH expiry figures in the news refer to its contracts. Binance lists ETH options on the same 08:00 UTC schedule, but whether options are open to an account registered in India depends on Binance's rules for India, so check in the app before planning around it. For the Indian platforms, our Delta Exchange review, Pi42 review and CoinDCX review cover fees and features.
Next ETH options expiry dates
These are the next Friday expiries, when ETH weekly, monthly and quarterly contracts settle together with bitcoin's:
| Date | Type | Deribit, Binance, Pi42 | Delta Exchange India |
|---|---|---|---|
| Friday 2 October 2026 | Weekly | 1:30 PM IST | 5:30 PM IST |
| Friday 9 October 2026 | Weekly | 1:30 PM IST | 5:30 PM IST |
| Friday 16 October 2026 | Weekly | 1:30 PM IST | 5:30 PM IST |
| Friday 23 October 2026 | Weekly | 1:30 PM IST | 5:30 PM IST |
| Friday 30 October 2026 | Monthly (last Friday) | 1:30 PM IST | 5:30 PM IST |
| Friday 27 November 2026 | Monthly (last Friday) | 1:30 PM IST | 5:30 PM IST |
| Friday 25 December 2026 | Quarterly (last Friday of the quarter) | 1:30 PM IST | 5:30 PM IST |
Delta Exchange India lists weekly ETH options up to three Fridays ahead and monthly ones up to three month-end Fridays ahead, so 25 December is a monthly contract there. For live countdowns to each date, use our options expiry calendar; the dates and times apply to ether as well as bitcoin on Deribit.
Daily, weekly, monthly and quarterly ETH options
- Daily: Deribit lists ETH options expiring at 08:00 UTC every day, weekends included. Delta Exchange India lists two daily contracts at a time, one for the next 24 hours and one for the 24 hours after, and launches new ones at 5:30 PM IST each day. Daily options are cheap because they have almost no time left, which is also why most bought daily options expire worthless.
- Weekly: expire every Friday. Delta Exchange India launches each new weekly chain at 5:30 PM IST on Friday.
- Monthly: expire on the last Friday of the month. They usually carry more open interest and tighter prices than weeklies.
- Quarterly: the last Friday of March, June, September and December. These are the big expiries that make headlines.
Ether perpetual futures, by contrast, never expire; they use a funding payment instead, explained in our guide to the funding rate in crypto futures.
What happens at ETH options expiry
- The contract stops trading at its expiry time. Deribit briefly pauses trading at 08:00 UTC while it settles.
- A settlement price is calculated. Deribit takes a time-weighted average of its ETH index from 07:30 to 08:00 UTC (1:00 to 1:30 PM IST), sampled every few seconds. Delta Exchange India uses a 30-minute time-weighted average of the ETH index price.
- In-the-money options are exercised automatically. These are European-style options, so exercise happens only at expiry and needs no action from you.
- Out-of-the-money options expire worthless. The buyer loses the premium; the seller keeps it.
- Profit or loss is settled in cash. No ether changes hands on Indian platforms, which settle in rupees. Deribit's coin-settled ETH options pay out in ETH.
A worked example, with illustrative numbers only: you hold a $2,700 ETH call covering 0.5 ETH, bought for a premium of $45 per ETH. The 30-minute average comes in at $2,760. The call is worth $60 per ETH at expiry, so you receive $30, about ₹2,880 at ₹96.06 to the dollar. After the $22.50 premium you paid, your profit is $7.50 before fees. If the average had been $2,690, the call would expire worthless and you would lose the full $22.50. A $2,700 put would pay out in the second case and expire worthless in the first.
Because the settlement price is an average, a sharp spike at 1:29 PM moves it only a little. Do not count on a last-minute move to rescue a position. Ether trades at ₹257,271 ($2,684.66) right now; see the live Ethereum price in INR before choosing a strike.
Closing or rolling an ETH option before expiry
European-style means the option can only be exercised at expiry, not that you must hold it until then. You can sell an option you bought, or buy back one you sold, at any time before the expiry time at the current market price. What you get back is the option's remaining value: any in-the-money amount plus whatever time value is left, which shrinks fastest in the final hours.
Rolling means closing this week's contract and opening the same position in a later expiry, for example moving from the 2 October weekly to the 9 October weekly. It keeps your view alive but costs two sets of trading fees and a fresh premium. Order books on short-dated strikes often thin out close to expiry, so roll or close well before the settlement window rather than in its last minutes.
How ETH expiry differs from BTC expiry
The clock is the same, so our BTC expiry time guide applies to timing. What differs is the market itself:
- Smaller size. At the 25 September 2026 quarterly expiry on Deribit, about $2.1 billion of ether options expired against about $15.9 billion of bitcoin options. Our September expiry report has the detail.
- Bigger expected moves. On 28 September 2026, Deribit's ether volatility index stood at about 50, against about 36 for bitcoin. Higher implied volatility means ETH option premiums are larger relative to the price than BTC premiums.
- Its own catalysts. Ethereum's Glamsterdam upgrade is set to reach the Sepolia test network on 6 October 2026, between two weekly expiries, with a mainnet date not yet fixed; see our Glamsterdam upgrade coverage. Flows into US spot ether funds, which took in about $690 million in the week to 25 September, are another driver; see our Ether ETF report.
Ether was about ₹2.58 lakh and bitcoin about ₹80.5 lakh on 1 October 2026; the live Bitcoin price in INR page has today's figure.
Does ETH options expiry move the price?
Sometimes, and not reliably. Before big expiries, option sellers adjust their hedges, and the price can drift towards strikes with heavy open interest. Traders watch three numbers:
- Max pain, the price at which the most options expire worthless. Our max pain explainer shows how it works.
- Open interest by strike, which shows where positions sit. Our guide to open interest in crypto explains how to read it.
- The put-call ratio, puts divided by calls, a quick read on positioning. See our put-call ratio explainer.
Spot trading, futures and fund flows are far larger than options, so treat all three as background, not a forecast.
Tips for Indian ETH options traders
- Know which clock you are on. A contract on Delta Exchange India settles four hours after one on Deribit or Pi42.
- Convert UTC correctly. Add 5 hours 30 minutes to UTC to get IST. Global sites show UTC; the IST time never shifts because India has no daylight saving.
- Watch the averaging window. For 1:30 PM expiries the price that counts is set between 1:00 and 1:30 PM IST.
- Close early if unsure. Squaring off before the window starts avoids surprises from the average and thin order books.
- Size small on dailies. Premiums look cheap, but most daily options bought expire worthless.
- Use an FIU-registered platform. Check our FIU-registered exchanges list and compare apps in our guide to the best crypto options trading app in India.
- Keep records for tax. The treatment of crypto options profits is not settled; some treat them as virtual digital asset income at 30% plus cess, others as business income. Read crypto futures and options: legality and tax and speak to a chartered accountant.
FAQ
What is the ETH options expiry time in India?
ETH options expire at 1:30 PM IST (08:00 UTC) on Deribit, Binance and Pi42, and at 5:30 PM IST (12:00 UTC) on Delta Exchange India. On CoinDCX, the expiry time is shown on each contract.
Is there an ETH options expiry today?
Yes, if your platform lists a daily contract for today. Deribit has ETH daily options every day at 1:30 PM IST, including weekends, and Delta Exchange India lists daily ETH options expiring at 5:30 PM IST.
When is the next Ethereum monthly options expiry?
The next monthly expiry is Friday 30 October 2026, followed by Friday 27 November. The next quarterly expiry is Friday 25 December 2026.
Do ETH and BTC options expire at the same time?
Yes, on each platform they share the same clock: 1:30 PM IST on Deribit, Binance and Pi42, and 5:30 PM IST on Delta Exchange India. The live countdown is on our options expiry page.
What happens if I hold an ETH option until expiry?
If it is in the money, it is exercised automatically and you receive the difference between the settlement price and the strike. If it is out of the money, it expires worthless and you lose the premium.
How is the ETH settlement price calculated?
It is an average, not the last trade. Deribit uses the average of its ETH index from 1:00 to 1:30 PM IST, and Delta Exchange India uses a 30-minute time-weighted average of the ETH index before 5:30 PM IST.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
