Ethereum Options Market Shows Bullish Bias as Call Options Dominate

Ethereum options market has seen both medium-term positions and short-term trades tilt towards the upside. While defensive demand remains, overall sentiment is moderately optimistic. According to CoinGlass data as of 9:50 a.m. on September 19, Ethereum options open interest (OI) totaled $7.77929 billion, up 4.14% from the previous day's $7.47009 billion. The total options trading volume was approximately $2.16832 billion. Open interest composition showed calls at 59.38% and puts at 40.62%. On a 24-hour trading volume basis, calls accounted for 50.20% and puts for 49.80%. Calls dominated in open interest, indicating medium-term positions are more heavily weighted towards upward movement. Similarly, on the trading volume front, calls held a slight edge, suggesting short-term flows also maintain bullish exposure. The contracts with the highest open interest were: • $3,200 call options (December 25, Deribit) • $2,200 call options (December 25, Deribit) • $3,000 call options (September 25, Deribit) Top volume-based contracts were: • $2,700 call options (September 19, Bybit) • $2,600 call options (September 19, Bybit) • $2,650 call options (September 19, Bybit)