Ether options open interest reaches $5.81 billion as $2,850 call leads volume

Ether options open interest edged up 0.1% from the previous day, with calls accounting for the majority of both open interest and trading volume.

The options market showed a bullish tilt across outstanding positions and short-term activity, although the call share of volume was slightly lower than its share of open interest.

As of Oct. 15, total Ether options open interest stood at $5.81 billion, compared with $5.81 billion a day earlier. Options trading volume totaled about $1.67 billion.

Calls represented 63.04% of open interest, while puts accounted for 36.96%. By trading volume, calls made up 62.4% and puts 37.6%.

The call majority in both measures indicated similar positioning across medium-term exposure and near-term trading. The comparatively higher put share in volume also pointed to some continued demand for short-term protection.

The contracts with the most open interest were the $3,200 call expiring Dec. 25 on Deribit, followed by the $2,200 call and the $2,300 call with the same expiry and venue.

The most-traded contracts were the $2,850 call expiring Oct. 16 on Bybit, followed by Bybit’s $3,300 call and $2,775 call with the same expiry.

Editor’s note: Options are derivatives used to take leveraged positions on an underlying asset’s price or hedge existing exposure. A call grants the right to buy at a predetermined price, while a put grants the right to sell. Open interest measures the total number of outstanding contracts.

Changes in call and put shares, open interest and volume can help distinguish longer-term positioning from short-term activity. Rising open interest generally signals new positions, while differences between outstanding positions and trading flows may reflect hedging or volatility management.

This article is based on market data and chart analysis and does not constitute investment advice.