[Ether options daily] Open interest falls to $5.42 billion; $2,200 calls lead volume

ETH options open interest fell 7.84% from the previous day to $5.42 billion, while calls accounted for the majority of both outstanding positions and daily trading volume. The $2,200 call expiring on November 10 led trading activity.

Outstanding positions contracted, but calls retained a larger share of the ETH options market. Calls also occupied all three leading positions in the daily volume ranking.

As of November 9, 2026, at 12:21 UTC, total ETH options open interest stood at $5.42 billion, down from $5.88 billion the previous day. Daily options trading volume totaled $1.48 billion.

Calls represented 63.41% of open interest, compared with 36.59% for puts. By 24-hour trading volume, calls accounted for 63.83% and puts for 36.17%.

The call share of daily volume was slightly higher than its share of open interest. Both measures showed a similar balance between calls and puts, with calls holding the larger share.

The leading contracts by open interest were the $3,200 call expiring on December 25, 2026, on Deribit; the $2,200 call with the same expiry on Deribit; and the $2,000 put expiring on November 13, 2026, on Deribit.

The leading contracts by 24-hour volume were the $2,200 call expiring on November 10, 2026, on Binance; the $2,175 call with the same expiry on Binance; and the $2,175 call with the same expiry on OKX.

[Editor's note] Options can be used to take leveraged positions on an underlying asset or hedge existing exposure. 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, together with changes in open interest and volume, help distinguish outstanding positioning from shorter-term trading activity. These measures require context: a larger call share alone does not establish the direction of every position or trade.