Add as a preferred source on GoogleETH options open interest at $6.03 billion as $2,300 call leads volume
Ethereum options open interest fell 4.45% to $6.03 billion, while calls held 61.29% of OI and 65.72% of 24-hour volume. The $2,300 Deribit call led trading volume.
The Ethereum options market kept an upside tilt even as overall positioning contracted. Daily trading also leaned toward calls, pointing to continued short-term demand for upside exposure.
As of 9:50 a.m. on Oct. 10, Coinglass data showed total Ethereum options open interest at $6.03 billion. That was down 4.45% from $6.31 billion a day earlier. Ethereum options volume stood at about $1.88 billion.
Open interest was split between calls at 61.29% and puts at 38.71%. By 24-hour volume, calls accounted for 65.72% and puts for 34.28%.
The open interest mix showed calls in the lead, indicating more medium-term positioning on the upside. The stronger call share in trading volume also suggested short-term flows were weighted toward bullish bets.
The largest open interest was concentrated in the $3,200 call expiring Dec. 25, 2026 on Deribit, followed by the $2,200 call expiring Dec. 25, 2026 on Deribit and the $2,500 put expiring Oct. 16, 2026 on Deribit.
The top contracts by 24-hour volume were the $2,300 call expiring Dec. 25, 2026 on Deribit, the $2,550 call expiring Oct. 10, 2026 on Binance and the $2,525 call expiring Oct. 10, 2026 on Binance.
Editor’s note: Options are derivatives that investors can use to make leveraged bets on price moves in an underlying asset or to hedge existing positions. A call option gives the holder the right to buy the asset at a preset price at a future date, while a put option gives the holder the right to sell. Open interest measures the total amount of outstanding options contracts and indicates the cumulative scale of positioning in the market.
The balance between calls and puts, together with changes in open interest and trading volume, can help distinguish medium-term position building from short-term trading flows. Rising open interest indicates new positions entering the market and can point to increased medium-term directional exposure. Even when calls dominate open interest, a higher put share in actual volume may signal defensive trading or demand for volatility hedges against a short-term pullback.