[Bitcoin options daily] Open interest at $28.32 billion; $58,000 puts lead volume

Bitcoin options open interest fell 0.14% from the previous day to $28.32 billion, with calls accounting for 57.96% of outstanding positions. Calls also led daily trading volume at 52.29%, though their advantage was narrower than in open interest.

Bitcoin options positioning and daily trading both leaned toward calls. Puts nevertheless accounted for nearly half of daily volume, and a put contract topped the volume rankings.

As of November 1, 2026, at 12:06 UTC, total Bitcoin options open interest stood at $28.32 billion, down from $28.36 billion the previous day. Trading volume totaled approximately $1.15 billion.

Calls represented 57.96% of open interest, compared with 42.04% for puts. Across 24-hour trading volume, calls accounted for 52.29% and puts for 47.71%.

The larger call share in open interest indicated a tilt toward upside exposure among outstanding contracts. Daily trading showed a more balanced split, with puts retaining a substantial share of activity.

The contracts with the most open interest, in descending order, were the $80,000 call, the $60,000 put and the $100,000 call, all expiring December 25, 2026, on Deribit.

The leading contracts by 24-hour volume were the $58,000 put expiring November 27, 2026, on Deribit; the $78,500 call expiring November 2, 2026, on Deribit; and the $70,000 put expiring November 6, 2026, on Bybit.

[Editor's note] Options are derivatives used to take leveraged exposure to an underlying asset or hedge existing positions. Calls give holders the right to buy at a predetermined price, while puts give holders the right to sell. Open interest measures outstanding contracts and indicates the accumulated size of positions.

Comparing call and put shares across open interest and trading volume helps distinguish accumulated positioning from daily activity. A larger call share does not establish the direction of future prices, and put activity can reflect hedging as well as bearish positioning.