# [Altcoin options watch] Ether puts lead trading as Solana stays balanced and XRP calls dominate open interest By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/investing/56642 Published: 2026-11-13T12:43:10.000Z Updated: 2026-11-13T12:43:10.000Z Section: Investing > Ether’s 24-hour options trading favored puts, while calls led Solana and XRP activity. Nearest-expiry open interest was broadly balanced for Solana and strongly call-heavy for XRP. Ether options trading leaned toward puts, while Solana’s nearest listed expiry showed broadly balanced positioning. XRP open interest favored calls, although trading in its nearest listed expiry leaned toward puts. The nearest listed expiries differed across the three assets: November 14 for ether, November 20 for Solana and November 27 for XRP. Across all expiries, puts led ether’s trading over the past 24 hours, while calls led Solana and XRP activity. The November 13 snapshot showed open interest equivalent to 36,893 ETH, worth about $72.28 million, for ether’s nearest expiry; 33,480 SOL, worth $2.70 million, for Solana; and 22,751,000 XRP, worth $23.24 million, for XRP. Put/call open-interest ratios for those expiries stood at 0.74 for ether, 1.09 for Solana and 0.27 for XRP. Ether’s ratio indicated more calls than puts outstanding. Solana’s positioning was close to balanced, with puts slightly ahead, while XRP showed the strongest call bias. Open interest describes outstanding positions and does not establish whether those options were bought or sold. Max pain—the strike at which aggregate payouts to option holders would be lowest at expiry—was $2,020 for ether, $87 for Solana and $1.26 for XRP at their respective nearest listed expiries. Ether’s largest open-interest positions for November 14 were the $2,400 call, followed by the $2,200 call and the $1,920 put. Open interest totaled 36,893 ETH, with a notional value of about $72.28 million and max pain at $2,020. Solana’s largest positions for November 20 were the $90 call, the $85 put and the $78 put, showing a mix of upside and downside exposure. Open interest totaled 33,480 SOL, worth about $2.70 million, with max pain at $87. XRP’s largest positions for November 27 were the $1.65 call, the $1.30 call and the $1.10 put. Open interest totaled 22,751,000 XRP, worth about $23.24 million, with max pain at $1.26. ![ Altcoin options watch Ether puts lead trading as Solana stays balanced and XRP calls dominate open interest]() The most actively traded ether options over the past 24 hours. Across all expiries, 24-hour trading volume was equivalent to 221,703 ETH, 67,050 SOL and 2,593,000 XRP. Put/call volume ratios stood at 1.23 for ether, 0.58 for Solana and 0.70 for XRP. Ether’s ratio showed puts leading trading despite calls accounting for more outstanding positions at its nearest expiry. Solana had the strongest call bias in overall trading among the three assets. XRP also recorded more call than put volume overall, although its November 27 expiry had a put/call volume ratio of 2.13. Most actively traded options Ether: $1,800 put (November 20), $1,900 put (November 20), $1,700 put (December 25), $2,020 call (November 14), $1,880 put (November 14). Solana: $80 call (November 14), $95 call (December 25), $180 call (March 26), $78 put (November 14), $79 call (November 14). XRP: $1.50 call (December 25), $2.20 call (December 25), $1.05 put (November 27), $0.60 put (March 26), $0.90 put (December 25). The accompanying price snapshot showed ether (ETH) down 3.04% over 24 hours at about $1,960. Solana (SOL) fell 1.87% to $80.76, while XRP declined 1.63% to $1.02. [Editor’s note] Options give holders the right to buy or sell an underlying asset at a predetermined price at a specified future time. Calls confer the right to buy, while puts confer the right to sell. Investors can use options for directional exposure or hedging. Open interest measures outstanding positions; the asset quantities reported here reflect the underlying exposure represented by those positions. This column examines market data and does not constitute an investment recommendation.