[ETH options daily] Open interest reaches $5.85 billion; $2,000 puts lead volume

Ethereum options open interest rose 9.86% from the previous day to $5.85 billion, while daily trading volume totaled $2.7 billion. Calls held the larger share of both measures, but a $2,000 put led trading among individual contracts.

Call options dominated outstanding positions and daily activity. The most actively traded contract was nevertheless a put, showing that downside exposure remained part of the mix.

As of October 31 at 00:50 UTC, Ethereum options open interest stood at $5.85 billion, up from $5.32 billion the previous day. Daily options volume totaled $2.7 billion.

Calls accounted for 62.32% of open interest and puts for 37.68%. By 24-hour trading volume, calls represented 57.02% and puts 42.98%.

The call share was higher in outstanding positions than in daily trading. Puts accounted for a larger share of trading volume than of open interest, indicating a more balanced mix in short-term activity.

The leading contracts by open interest were Deribit's December 25, 2026 $3,200 call, followed by its December 25, 2026 $2,200 call and November 13, 2026 $2,000 put.

By 24-hour volume, Deribit's November 13, 2026 $2,000 put ranked first, followed by Bybit's November 1, 2026 $2,600 call and Binance's November 2, 2026 $2,275 call.

[Editor's note] Options are derivatives used to take leveraged exposure to an underlying asset's price movements or hedge existing positions. A call gives its holder the right to buy at a specified strike price, while a put gives the right to sell, subject to the contract's terms. Open interest measures outstanding contracts and indicates the scale of positions still open.

Call and put shares, alongside changes in open interest and volume, help distinguish outstanding positioning from daily trading activity. Rising open interest indicates an increase in outstanding contracts, but call dominance alone does not establish market direction: options may form part of hedges or strategies involving multiple positions.