[Bitcoin options daily] Open interest at $32.08 billion; $80,000 calls lead volume

Bitcoin options open interest fell 1.47% from the previous day to $32.08 billion, while 24-hour trading volume totaled $2.83 billion. Calls led both outstanding positions and daily trading, although their share of trading volume was smaller.

Call options held the majority across both measures, indicating a tilt toward upside exposure. Daily trading showed a more even split between calls and puts than outstanding positions.

As of November 12, 2026, at 12:01 UTC, total bitcoin options open interest stood at $32.08 billion, down from $32.56 billion the previous day. Trading volume over 24 hours reached $2.83 billion.

Calls accounted for 56.00% of open interest and puts for 44.00%. By 24-hour trading volume, calls represented 54.10% and puts 45.90%.

The larger call share of open interest suggests an upside tilt in accumulated positions. Calls also led daily volume, though the narrower gap suggests a more balanced mix of upside exposure and downside positioning in recent trading.

The contracts with the most open interest, in descending order, were Deribit's $81,000 call expiring November 13, 2026; its $80,000 call expiring December 25, 2026; and its $100,000 call expiring December 25, 2026.

The leading contracts by 24-hour volume were Deribit's $80,000 call expiring December 25, 2026; OKX's $70,000 put expiring November 13, 2026; and Deribit's $74,000 put expiring November 13, 2026.

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

Call and put shares, alongside changes in open interest and volume, help distinguish accumulated positioning from recent trading activity. These measures require context: a larger call share does not by itself establish a bullish outlook, and put activity can reflect hedging as well as expectations of price declines.