Total Options Trading Volume $241,300,320.48
RFQ Trading Volume $74,470,143.79
RFQ share of total options volume 30.86%
During the week of October 19–25, 2026, Coincall recorded $241.30 million in total options trading volume. RFQ contributed $74.47 million, representing 30.86% of overall activity.
Positioning concentrated around the end-of-October and November expiries. The October 30 expiry led the curve with nearly $78 million in volume, followed by November 27 with more than $47.7 million. BTC activity was distributed across several key levels, led by the 75K and 81K strikes.
Put-side flow represented 62.94% of total taker activity, with sell puts emerging as the largest individual category. The combination of active put selling and substantial put buying kept downside structures at the center of weekly flow.
1. Most Traded BTC Strikes
The 75,000 BTC strike led weekly activity with more than $18.1 million in trading volume.
Rank | BTC Strike | Trading Volume |
|---|---|---|
1 | 75,000 | $18,126,402.16 |
2 | 81,000 | $17,346,641.97 |
3 | 70,000 | $13,703,599.20 |
4 | 80,500 | $11,319,550.01 |
5 | 88,000 | $10,553,364.72 |
The 75K and 81K strikes formed the strongest concentration, generating more than $35 million in combined volume. Activity at 70K, 80.5K, and 88K extended positioning across a broad range of BTC levels.
2. Most Traded ETH Strikes
ETH activity was led decisively by the 2,400 strike, which generated almost $5 million in trading volume.
Rank | ETH Strike | Trading Volume |
|---|---|---|
1 | 2,400 | $4,946,840.62 |
2 | 3,600 | $961,095.74 |
3 | 2,500 | $640,628.80 |
4 | 2,200 | $586,672.03 |
5 | 2,260 | $581,683.30 |
The 2,400 strike stood clearly ahead of the rest of ETH activity. Additional flow appeared at 2,200–2,500, with the 3,600 strike adding positioning further up the range.
3. Most Active Expiries
The October 30 expiry became the clear center of the curve.
Rank | Expiry | Trading Volume |
|---|---|---|
1 | October 30, 2026 | $77,981,994.20 |
2 | November 27, 2026 | $47,754,194.16 |
3 | November 6, 2026 | $20,421,291.00 |
4 | November 13, 2026 | $18,065,779.44 |
5 | October 25, 2026 | $16,033,268.24 |
6 | October 26, 2026 | $11,386,621.02 |
7 | December 25, 2026 | $11,340,104.26 |
8 | October 24, 2026 | $8,787,753.13 |
9 | October 29, 2026 | $7,788,945.21 |
10 | October 23, 2026 | $6,631,711.21 |
October 30 accounted for 32.32% of total weekly options volume. November 27 contributed another 19.79%, bringing the two leading expiries to just over 52% of total activity.
November 6 and November 13 also attracted meaningful volume, giving the curve a clear month-end and November positioning theme. December 25 added further activity at a longer maturity.
4. Taker Flow Breakdown
Put-side activity represented 62.94% of total taker flow.
Flow | Trading Volume | Share |
|---|---|---|
Buy Calls | $42,331,524.40 | 17.54% |
Sell Calls | $47,095,728.30 | 19.52% |
Buy Puts | $62,162,267.16 | 25.76% |
Sell Puts | $89,710,800.62 | 37.18% |
Sell puts were the largest individual flow category at 37.18%, followed by buy puts at 25.76%.
The distribution placed put structures firmly at the center of weekly activity. Put selling represented the strongest individual flow, alongside significant demand for put buying. Call-side activity accounted for 37.06%, with sell calls slightly ahead of buy calls.
5. Final Thoughts
The week delivered more than $241 million in options volume, with positioning increasingly focused on month-end and November expiries.
The October 30 expiry generated nearly $78 million, and November 27 contributed another $47.75 million. Together, these maturities accounted for more than half of total weekly activity.
BTC flow was spread across several important levels, led by the 75K and 81K strikes. Put-side taker flow reached 62.94%, with sell puts becoming the largest individual category.
RFQ contributed $74.47 million, accounting for 30.86% of total options activity and remaining an important execution channel for larger and structured options positions.
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