[ETH options daily] Open interest falls to $5.43 billion; $2,500 calls lead volume

Ethereum options open interest fell 1.74% from the previous day to $5.43 billion. Calls accounted for the larger share of both outstanding positions and daily trading, with the November 20 $2,500 call on Binance leading volume.

Calls remained dominant across Ethereum options positioning and trading. Their share of daily volume was slightly lower than their share of open interest.

As of 12:20 UTC on November 10, 2026, total Ethereum options open interest stood at $5.43 billion, down from $5.52 billion the previous day. Options trading volume totaled $994.44 million.

Calls represented 62.48% of open interest, while puts accounted for 37.52%. In 24-hour trading volume, calls made up 61.51% and puts 38.49%.

The call-heavy composition showed that contracts offering upside exposure accounted for most outstanding positions. Calls also dominated trading volume, although their smaller share relative to open interest indicated a slightly less pronounced preference in daily activity.

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

The leading contracts by 24-hour volume were the November 20, 2026 $2,500 call on Binance, the November 27, 2026 $2,500 call on Binance and the November 27, 2026 $3,000 call on Bybit.

[Editor's note] Options allow investors to take leveraged exposure to an underlying asset or hedge existing positions. Calls give buyers the right to buy at a predetermined strike price, while puts give buyers the right to sell, subject to the contract's terms. Open interest measures outstanding contracts and indicates the accumulated size of positions.

Comparing call and put shares across open interest and trading volume helps distinguish accumulated positioning from daily activity. These measures alone do not establish the direction of investors' expectations, since options can form part of hedges or strategies involving multiple contracts.