Coincall Options Weekly: October Takes Center Stage in a $289M Options Week

During the week of September 14–20, 2026, Coincall recorded $288.91 million in total options trading volume. RFQ contributed $136.25 million, representing 47.16% of overall activity.

 

October positioning became the clearest theme of the week. The October 30 expiry generated more than $103 million in volume, and the 65K BTC strike emerged as the most active level. Put-side taker flow held a moderate lead at 53.43%, driven primarily by sell puts.

 

Coincall continued to run stably through an active and volatile market week, providing liquidity across OTM strikes and longer-dated expiries. Trading extended through October, November, December, and March 2027 contracts, giving traders access to positioning across a broad section of the curve.

 

The 65,000 BTC strike led the market with more than $21.6 million in trading volume.

BTC activity covered a broad range of strikes. The 65K and 60K levels attracted the strongest participation, and meaningful volume also appeared across 70K, 82K, and 86K.

 

The distribution shows active positioning across several BTC price levels, with traders continuing to use options across both nearer and further OTM strikes.

 

ETH options activity was led by the 2,000 strike, followed by 2,650 and 2,520.

The 2,000 strike stood clearly ahead of the rest of the ETH market. Activity around 2,400–2,650 formed another concentration, and the 5,000 strike added meaningful longer-range positioning.

 

The expiry curve shifted decisively toward October 30, which became the dominant maturity of the week.

The October 30 expiry accounted for 35.68% of total weekly volume. Together, the four leading expiries represented more than 70% of total activity.

 

The curve also showed substantial participation further out, with November and December contracts both approaching $16 million in volume. This gives the week a clear longer-dated positioning theme.

 

Put-side flow represented 53.43% of total taker activity.

Sell puts were the largest individual category at 28.96%, followed by buy calls at 25.05% and buy puts at 24.47%.

The overall distribution remained relatively balanced, with puts maintaining a moderate lead. Premium-selling activity on the put side became the largest single component of the week’s taker flow.

 

The week delivered almost $289 million in options volume, supported by strong RFQ activity and a clear move toward longer-dated positioning.

 

The October 30 expiry became the standout maturity with more than $103 million in volume, and the 65K BTC strikeled strike-level activity. RFQ accounted for 47.16% of total options volume, reinforcing its importance for larger orders and structured execution.

 

Coincall continued to operate steadily through market turbulence, with liquidity available across OTM strikes and contracts extending well beyond the front of the curve.

 

With the September 16 FOMC decision now behind the market, the coming sessions will be worth watching for any further changes in volatility, strike demand, and positioning across the late-September and October expiries.