Total Options Trading Volume $244,342,902.10
RFQ Trading Volume $150,836,836.15
RFQ share of total options volume 61.73%
During the week of September 28–October 4, 2026, Coincall recorded $244.34 million in total options trading volume. RFQ contributed $150.84 million, accounting for 61.73% of overall activity.
RFQ was the standout feature of the week, with nearly two thirds of total options volume executed through the channel. The data reflects strong use of RFQ for larger orders, structured positions, and execution across different strikes and maturities.
Positioning also shifted firmly into October. The October 30 expiry generated more than $106.6 million in volume, and BTC activity was led by the 70K, 83K, and 75K strikes. Put-side taker flow reached 60.22%, giving the week a clear downside-focused theme.
1. Most Traded BTC Strikes
The 70,000 BTC strike led weekly activity with more than $22.59 million in volume.
Rank | BTC Strike | Trading Volume |
|---|---|---|
1 | 70,000 | $22,594,570.76 |
2 | 83,000 | $19,356,363.26 |
3 | 75,000 | $19,102,966.45 |
4 | 76,000 | $13,443,271.18 |
5 | 90,000 | $11,509,405.14 |
The three leading strikes generated more than $61 million in combined activity. Trading remained active across a broad BTC range, with concentration around 70K–83K and additional participation extending to the 90K strike.
2. Most Traded ETH Strikes
ETH activity was led by the 2,700 strike, followed by 2,660 and 2,650.
Rank | ETH Strike | Trading Volume |
|---|---|---|
1 | 2,700 | $1,859,622.94 |
2 | 2,660 | $1,466,155.06 |
3 | 2,650 | $1,286,625.56 |
4 | 2,350 | $1,080,768.26 |
5 | 2,900 | $820,624.04 |
The strongest ETH concentration appeared around the 2,650–2,700 range, creating a clear area of positioning during the week. Activity at 2,350 and 2,900 extended that participation across a wider set of price levels.
3. Most Active Expiries
The expiry curve was dominated by October 30, which accounted for more than $106 million in trading volume.
Rank | Expiry | Trading Volume |
|---|---|---|
1 | October 30, 2026 | $106,639,817.35 |
2 | October 16, 2026 | $41,414,629.54 |
3 | October 9, 2026 | $16,495,469.63 |
4 | November 27, 2026 | $12,710,115.19 |
5 | October 5, 2026 | $11,855,706.55 |
6 | October 23, 2026 | $10,780,583.43 |
7 | December 25, 2026 | $9,585,754.71 |
8 | October 2, 2026 | $8,919,964.35 |
9 | October 3, 2026 | $8,269,256.03 |
10 | October 1, 2026 | $5,586,040.58 |
The October 30 expiry represented 43.64% of total weekly volume. October 16 and October 9 brought the three leading maturities to more than 67% of total activity.
November and December contracts also appeared among the most active expiries, showing continued participation further along the curve.
4. Taker Flow Breakdown
Put-side activity accounted for 60.22% of total taker flow.
Flow | Trading Volume | Share |
|---|---|---|
Buy Calls | $48,549,151.06 | 19.87% |
Sell Calls | $48,639,115.75 | 19.91% |
Buy Puts | $72,878,115.22 | 29.83% |
Sell Puts | $74,276,520.07 | 30.40% |
Put buying and put selling were closely matched, each representing around 30% of total activity. Sell puts became the largest individual category at 30.40%, followed closely by buy puts at 29.83%.
Call flow was also highly balanced, with buy and sell calls each accounting for roughly 20%. Overall, the strongest concentration remained on the put side.
5. Final Thoughts
The week delivered more than $244 million in options volume, with RFQ emerging as the strongest execution theme.
RFQ accounted for 61.73% of total activity, and the October 30 expiry became the clear center of positioning with more than $106.6 million in volume. BTC activity was led by the 70K strike, with strong participation extending through several higher levels.
Put-side taker flow reached 60.22%, with buying and selling closely balanced. The expiry curve also showed meaningful activity into November and December, reflecting continued interest in positions extending beyond the immediate market window.
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