# Bitcoin options OI at $37.17 billion; $83,000 call tops volume

By Token Post

Canonical URL: https://www.tokenpost.com/news/investing/29667
Published: 2026-10-11T01:00:35.000Z
Updated: 2026-10-11T01:00:35.000Z
Section: Investing

> Bitcoin options open interest fell 0.59% to $37.17 billion, with calls leading OI but puts slightly ahead in 24-hour volume. The $83,000 call on Bybit led daily trading.

Medium-term positioning in the bitcoin options market remained tilted toward upside exposure. Daily trading, however, showed a more defensive bias, pointing to short-term caution.

Bitcoin options open interest stood at $37.17 billion as of 9:40 a.m. on Oct. 11, according to CoinGlass data. That was down 0.59% from $37.39 billion a day earlier. Bitcoin options volume was about $1.26 billion.

Calls accounted for 60.16% of open interest, while puts made up 39.84%. By 24-hour trading volume, calls accounted for 48.93% and puts for 51.07%.

The open-interest mix showed a clear lead for calls, suggesting more medium-term positioning on the upside. In volume, puts led, indicating defensive demand against short-term volatility.

The contracts with the largest open interest were the $95,000 call expiring Oct. 30 on Deribit, the $90,000 call expiring Oct. 30 on Deribit and the $100,000 call expiring Oct. 30 on Deribit.

The top contracts by 24-hour volume were the $83,000 call expiring Oct. 11 on Bybit, the $82,000 put expiring Oct. 11 on Binance and the $82,500 put expiring Oct. 11 on Bybit.

Editor’s note: Options are derivatives used to take leveraged exposure to changes in an underlying asset or to hedge existing positions. A call gives the holder the right to buy at a predetermined price, while a put gives the holder the right to sell. Open interest measures the total amount of outstanding options contracts and indicates the accumulated scale of market positioning.

Call and put shares, along with changes in open interest and volume, are used to distinguish medium-term position building from short-term trading. Rising open interest points to new positions entering the market, while a high call share in open interest alongside stronger put volume can indicate defensive trading or volatility hedging at the same time.