Ether options OI at $5.93 billion, $3,200 call leads trading volume

Ether options open interest stood at $5.93 billion, down 0.23%. Calls dominated both medium-term positioning and short-term trading.

Ether options markets showed a bullish tilt across both open interest and trading volume, although puts continued to account for a meaningful share of activity.

As of Oct. 20, total Ether options open interest was $5.93 billion, compared with $5.94 billion previously, a decline of 0.23%. Options trading volume totaled $964.23 million.

Calls represented 63.06% of open interest, while puts accounted for 36.94%. By 24-hour trading volume, calls made up 67.23% and puts 32.77%.

Call options led both measures, indicating that medium-term positioning and short-term flows leaned bullish. The stronger call share in trading volume than in open interest also suggested particularly pronounced short-term demand for upside exposure.

The contracts with the most 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 leading contracts by 24-hour trading volume were the $3,200 call expiring Oct. 23 on Bybit, the $3,400 call expiring Oct. 23 on Bybit and the $2,425 call expiring Oct. 21 on Binance.

Editor's note Options are derivatives used to make leveraged bets on movements in an underlying asset or hedge existing positions. A call option gives its holder the right to buy the asset at a predetermined price on a future date, 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.

The balance between calls and puts, alongside changes in open interest and trading volume, can help distinguish medium-term positioning from short-term activity. Rising open interest generally signals new positions, while differences between the option mix in open interest and volume can indicate simultaneous directional and hedging demand.

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