[ETH options daily] Open interest falls to $5.86 billion, $2,700 call leads volume

Ether options open interest fell 2.32% to $5.86 billion, while calls led both outstanding positions and daily trading.

Medium-term positioning in the Ether options market remained tilted toward calls. Trading activity also favored calls, indicating a similar directional bias over the shorter term.

As of Oct. 17, total Ether options open interest stood at $5.86 billion, down 2.32% from $6.00 billion previously. Options trading volume totaled approximately $936.04 million. Ether was priced at $2,436.01.

Calls accounted for 62.25% of open interest, compared with 37.75% for puts. By trading volume, calls represented 56.6% and puts 43.4%.

The clear call majority in open interest showed that medium-term positioning remained more heavily allocated toward upside exposure. Calls also led trading volume, suggesting short-term activity followed the same direction.

The contracts with the largest open interest were the $3,200 call expiring Dec. 25 on Deribit, the $2,200 call expiring Dec. 25 on Deribit and the $2,600 call expiring Oct. 30 on Deribit.

The most actively traded contracts were the $2,700 call expiring Oct. 18 on Bybit, the $2,750 call expiring Oct. 19 on Bybit and the $2,600 call expiring Oct. 30 on Deribit.

[Editor’s note] Options are derivatives that investors can use to take leveraged positions on an underlying asset’s price movements or hedge existing exposure. A call option gives the holder the right to buy the asset at a predetermined price, while a put option gives the right to sell it. Open interest measures the total number of outstanding options contracts and indicates the accumulated size of market positions.

Call and put shares, alongside changes in open interest and volume, can help distinguish medium-term positioning from shorter-term trading. Rising open interest may signal new positions, while differences between the call-put mix in open interest and trading volume can indicate diverging positioning and hedging demand.

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