# Bitcoin options OI hits $38.27 billion as $74,000 put leads trading

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/34719
Published: 2026-10-19T11:21:10.000Z
Updated: 2026-10-19T11:21:10.000Z
Section: Investing

> Bitcoin options open interest increased 1.07% to $38.27 billion. Calls led outstanding positions, while puts dominated daily volume and the $74,000 put ranked first.

Bitcoin options open interest rose 1.07% to $38.27 billion, while the $74,000 put recorded the highest trading volume.

Medium-term positioning favored calls, but daily trading tilted toward puts, signaling greater near-term caution.

As of Oct. 19, total Bitcoin options open interest stood at $38.27 billion, up from $37.86 billion previously. Options trading volume totaled about $3.39 billion.

Calls accounted for 59.9% of open interest, compared with 40.1% for puts. By 24-hour volume, calls represented 44.1% and puts 55.9%.

The call-heavy open-interest mix indicates that medium-term positions remain weighted toward the upside. The higher share of puts in trading volume may reflect demand for protection against near-term downside volatility.

![Bitcoin options OI hits $38.27 billion as $74,000 put leads trading](<https://mzwrodgsdjfdyvnraeya.supabase.co/storage/v1/object/public/article-media/articles/f3108ca181a6010e218398bbc6688db4971c5b2f2d5972fccb3b94c59bca44f3.webp>)

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

The leading contracts by 24-hour volume were the $74,000 put expiring Oct. 30 on Deribit, the $80,000 put expiring Oct. 30 on Deribit and the $85,000 call expiring Oct. 20 on Binance.

Editor’s note: Options are derivatives that can be used to make leveraged bets on an underlying asset’s price or hedge existing positions. A call gives the holder the right to buy at a predetermined price, while a put gives the right to sell. Open interest measures the total number of outstanding options contracts.

Call and put shares, together with changes in open interest and volume, can help distinguish medium-term positioning from short-term activity. Rising open interest signals new positions, while call-led open interest alongside put-led volume may indicate bullish positioning combined with near-term hedging demand.

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