Digital Currency

Add as a preferred source on Google

Puts Take 52% of Bitcoin (BTC) Options Trading as Open Interest Rises

The $82,500 Bybit call due Oct. 19 had the highest 24-hour contract volume; Deribit calls due Oct. 30 occupied the top three open-interest positions.

Updated 1 min read
An editorial data graphic compares Bitcoin options volume and open interest on a neutral background. / EconoTimes.ai
An editorial data graphic compares Bitcoin options volume and open interest on a neutral background. / EconoTimes.ai

Coinglass data on Oct. 18 showed puts made up most recent Bitcoin (BTC) options trading, while calls still represented the larger portion of outstanding contracts.

Open interest, which counts outstanding options contracts, was $37.86 billion, up 0.14% from $37.81 billion in the previous reading. Options trading volume came to about $1.18 billion over the 24-hour period.

Calls accounted for 59.78% of open interest, against 40.22% for puts. In trading volume, puts represented 52.01% and calls 47.99%. Volume records contracts traded during a period, while open interest counts those that remain outstanding.

Three Deribit calls expiring Oct. 30 held the largest open-interest positions, at strike prices of $95,000, $90,000 and $100,000. Bybit’s $82,500 call expiring Oct. 19 had the highest 24-hour contract volume. An OKX $84,000 call due Oct. 20 and a Binance $83,000 call due Oct. 19 followed.

Coinglass data put calls at 60.15% of open interest in its Oct. 16 snapshot, compared with 59.78% on Oct. 18. EconoTimes covered the earlier Bitcoin options positioning snapshot. The leading Bybit contract expires Oct. 19.

Related articles

View all