# [Altcoin options] Ether puts lead near expiry as Solana stays mixed and XRP calls dominate By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/investing/50090 Published: 2026-11-06T13:01:18.000Z Updated: 2026-11-06T13:01:18.000Z Section: Investing > Ether’s nearest-expiry put/call open-interest ratio reached 2.41, versus 1.12 for Solana and 0.26 for XRP. Across all expiries, XRP also showed the strongest call bias in trading. Ether’s nearest-expiry options showed a clear put bias in both open interest and trading volume. Solana’s positioning was more balanced, while XRP calls led across both measures. The expiries differed across the three assets: November 13 for Ether, November 7 for Solana and November 27 for XRP. Across all expiries, calls slightly exceeded puts in Ether and Solana trading, while XRP showed a wider call lead. As of November 6 at 13:00 UTC, open interest for those expiries stood at 118,962 for Ether, with a notional value of $270.42 million; 29,620 for Solana, worth $2.68 million; and 21,765,000 for XRP, worth $25.95 million. The corresponding open-interest put/call ratios were 2.41 for Ether, 1.12 for Solana and 0.26 for XRP. Ether’s November 13 expiry held 84,060 in put open interest against 34,902 in calls, showing a pronounced defensive tilt. Solana’s November 7 expiry was closer to balance, with 15,660 in puts and 13,960 in calls. XRP’s November 27 expiry was heavily weighted toward calls, with 17,316,000 against 4,449,000 in puts. Max pain—the settlement price at which option buyers collectively incur the greatest loss—was $2,250 for Ether, $90 for Solana and $1.30 for XRP at their respective nearest expiries. Ether’s largest November 13 position was the $2,000 put, with open interest of 47,966. The $2,200 put followed at 12,106, ahead of the $2,500 call at 6,372. Puts occupied two of the three largest positions, alongside a max-pain level of $2,250. Solana’s November 7 positions were led by the $87 put, with open interest of 2,870, followed by the $92 call at 2,550 and the $89 put at 2,240. The largest positions spanned both sides of its $90 max-pain level. ![ Altcoin options Ether puts lead near expiry as Solana stays mixed and XRP calls dominate]() XRP’s three largest November 27 positions were all calls: the $1.65 strike with open interest of 5,177,000, the $1.30 strike at 2,527,000 and the $2 strike at 2,035,000. Its max-pain level was $1.30. The most actively traded XRP options over the past 24 hours. Across all expiries, 24-hour call and put volumes were 90,044 and 86,017 for Ether, 108,650 and 100,980 for Solana, and 21,122,000 and 11,639,000 for XRP. The corresponding volume put/call ratios were 0.96 for Ether, 0.93 for Solana and 0.55 for XRP. Ether’s aggregate trading was close to balanced, despite its nearest expiry’s put-heavy volume ratio of 2.08. Solana’s nearest-expiry volume ratio was 0.74, indicating more call activity despite a slight put lead in open interest. XRP’s nearest-expiry volume ratio of 0.32 reinforced the call bias in its outstanding positions. Most actively traded options Ether: $2,000 put (November 20); $2,000 put (November 9); $2,000 put (November 27); $2,000 put (November 13); $2,500 call (November 27). Solana: $91 call (November 7); $92 call (November 7); $89 put (November 7); $86 put (November 13); $93 call (November 7). XRP: $1.65 call (November 27); $1.30 call (November 27); $1.10 put (November 27); $1.30 put (December 25); $1.30 call (December 25). At the November 6 snapshot, Ether (ETH) traded at $2,238.83, down 6.53% over 24 hours. Solana (SOL) fell 5.47% to $90.19, while XRP declined 8.96% to $1.19. [Editor’s note] Options give buyers the right to buy or sell an underlying asset at a predetermined price. Calls provide the right to buy, while puts provide the right to sell. They can be used for directional exposure or hedging. Open interest measures outstanding positions; call and put activity alone does not establish traders’ intentions.