[ETH options daily] Open interest falls to $5.30 billion; $1,900 put leads volume

Ethereum options open interest fell 9.30% from the previous day to $5.30 billion. Calls accounted for the majority of outstanding positions and a narrow majority of trading volume, while the $1,900 put led activity among individual contracts.

The market's outstanding positions remained weighted toward calls as overall open interest declined. Trading volume was more evenly divided between calls and puts.

As of November 1, 2026, at 12:20 UTC, Ethereum options open interest totaled $5.30 billion, down from $5.85 billion the previous day. Trading volume totaled $460.68 million.

Calls represented 62.74% of open interest, compared with 37.26% for puts. By trading volume, calls accounted for 51.86% and puts for 48.14%.

Calls held a clear majority of outstanding positions, but their smaller share of trading volume showed a less pronounced directional tilt in current activity. The leading put contract also indicated that the aggregate call majority did not extend across all actively traded contracts.

The contracts with the most open interest were, in order, Deribit's $3,200 call expiring December 25, 2026; Deribit's $2,200 call expiring December 25, 2026; and Deribit's $2,000 put expiring November 13, 2026.

The leading contracts by trading volume were, in order, Bybit's $1,900 put expiring November 2, 2026; Binance's $2,300 call expiring November 2, 2026; and OKX's $2,300 call expiring November 2, 2026.

[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.

Call and put shares, considered alongside changes in open interest and trading volume, help distinguish accumulated positioning from shorter-term activity. These measures do not establish traders' intentions on their own: options can serve both directional and hedging strategies.