[ETH options daily] Open interest reaches $5.77 billion; $5,000 calls lead volume

Ethereum options open interest rose 4.68% from the previous day to $5.77 billion. Calls accounted for the majority of both outstanding positions and daily trading volume, with the $5,000 call topping the volume rankings.

Call options held a larger share of open interest than puts, while daily trading showed a similar preference. The call share of trading volume was slightly lower than its share of outstanding positions.

As of 12:20 UTC on November 4, 2026, Ethereum options open interest totaled $5.77 billion, up from $5.52 billion the previous day. Options trading volume stood at approximately $1.26 billion.

Calls represented 61.27% of open interest and puts 38.73%. In 24-hour trading volume, calls accounted for 60.43% and puts 39.57%.

Calls dominated accumulated positions and daily turnover. However, their smaller share of volume compared with open interest indicated that the daily trading mix was slightly less concentrated in calls than existing positions.

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

The leading contracts by 24-hour volume were the $5,000 call expiring November 6, 2026, on Bybit; the $2,325 call expiring November 5, 2026, on OKX; and the $4,000 call expiring November 6, 2026, on Bybit.

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

Call and put shares, together with changes in open interest and volume, help distinguish accumulated positioning from daily trading activity. Rising open interest indicates an increase in outstanding positions, but call dominance alone does not establish a directional outlook: options can also form part of hedging strategies.