[Ether Options Daily] $7.42 billion outstanding… Call ratio 68%, trading volume down 200 million

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While expectations for an upward trend in the Ethereum options market are maintained, the market appears to be entering a cautious observation phase with a decrease in trading volume and an increase in put option proportion.

According to CoinGlass as of 9 AM, the total outstanding Ethereum options are $7.42 billion, a decrease of about 0.93% from the previous day ($7.49 billion).

Over the past 24 hours, Ethereum options outstanding were recorded as ▲$5.39 billion on Deribit ▲$236.37 million on CME ▲$980.23 million on OKX ▲$424.28 million on Binance ▲$390.03 million on Bybit.

The Ethereum options contract with the most outstanding interest is the $3,200 call option (June 27) traded on Deribit, with 71,973 ETH accumulated.

Following that are ▲$3,000 call option (63,925 ETH, June 27) ▲$6,000 call option (58,965 ETH, December 26).

$3,400 call option (44,159 ETH, June 27)
$3,000 call option (42,812 ETH, December 26)
$2,800 call option (42,568 ETH, June 27)
$2,000 call option (37,157 ETH, December 26)
$1,800 call option (35,039 ETH, June 27)

Call option outstanding interest is 1,967,602.45 ETH (68.57%), and put options are 902,010.26 ETH (31.43%). With call option proportion exceeding 68%, expectations for an Ethereum price increase are still clearly reflected.

Deribit Ethereum Options Trading Volume Graph / CoinGlass

The most traded option contract in a day was the $2,200 put option (June 27) on Deribit, with 3,683 ETH traded.

Following that were ▲$2,800 call option (3,060 ETH, June 27) ▲$2,500 call option (2,962 ETH, June 13).

$2,525 call option (2,911.6 ETH, June 9, Bybit)
$3,400 call option (2,534 ETH, June 27, Deribit)
$2,450 call option (2,463 ETH, June 9, Deribit)
$3,200 call option (2,304 ETH, June 27, Deribit)
$2,600 call option (2,210 ETH, June 10, Deribit)

Call option trading volume is 89,658.57 ETH (58.31%), and put options are 64,105.6 ETH (41.69%), showing a predominant call option trend.

While upward expectations are maintained, the put option proportion exceeding 40% shows an increase in defensive trading in preparation for short-term downside risks. Overall, expectations for an upward attempt continue alongside a cautious market approach.

Over the past 24 hours, Ethereum options trading volume was recorded as ▲$162.24 million on Deribit ▲$6.48 million on CME ▲$91.98 million on OKX ▲$56.40 million on Binance ▲$45.04 million on Bybit. The total is approximately $451.64 million, showing a slight decrease compared to the previous day (approximately $662.06 million).

According to CoinMarketCap, Ethereum was trading at $2,504 as of 10:40 AM, a 0.47% decrease from the previous day.

[This article does not provide financial advice, and the investment results are the sole responsibility of the investor.]

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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