Tickers
Ether (ETHUSD) gained 5.5% as options open interest rose 9.34% to $6.19 billion, with one analyst claiming “the ETH pump isn’t over yet. It’s only just getting started.” Puts led 24-hour volume, though Binance’s November 6 $2,500 call was the most traded contract. The market remains split by expiry: November 13 shows three times as many puts as calls, while November 27 shows twice as many calls as puts, suggesting near-term hedging demand giving way to a more constructive stance in later-dated contracts.
Ether Gains 5.5% as Options Open Interest Climbs to $6.19 Billion
Ether (ETHUSD) rose 5.5%, according to CryptoPotato, as options market activity expanded alongside the price move.
Open interest in ETH options increased 9.34% to $6.19 billion, the report said.
Analyst Sees More Upside
One analyst quoted in the report was bullish on the move: “The ETH pump isn’t over yet. It’s only just getting started.”
Volume Led by Puts; Binance $2,500 Call Most Traded
Puts led 24-hour trading volume, though the most traded single contract was Binance’s November 6 $2,500 call.
Market Split by Expiry
The options market showed diverging positioning depending on expiry:
- November 13: three times as many puts as calls.
- November 27: twice as many calls as puts.
According to the report, the pattern suggests near-term hedging demand giving way to a more constructive stance in later-dated contracts.