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Ethereum put/call ratio today

The Ethereum put/call ratio is 0.60 by open interest as of 28 October 2026, 00:58 UTC: 857,993 ETH in puts against 1,439,075 ETH in calls, all expiries on Deribit, OKX and Bybit added together. Below it: the ratio for every expiry and every exchange, 24-hour volume and the history.

Right now (00:58 UTC): Ethereum put/call ratio 0.60 by open interest, all expiries on Deribit, OKX and Bybit; 24-hour volume put/call 0.43. Watch it live: Options chain →

All expiries, open interest0.60857,993 ETH puts / 1,439,075 ETH calls
24 h volume0.43125,235 ETH puts / 293,060 ETH calls traded, 24 h to 00:52 UTC
Next expiry0.50Wed 28 Oct in 7 h · 102,977 ETH open
Next Friday (monthly)0.91Fri 30 Oct in 2 days · 543,824 ETH open
Next quarterly0.42Fri 25 Dec in 58 days · 770,663 ETH open
Deribit only0.5066 % of all open interest

Ethereum put/call ratio right now

Updated 28 Oct 2026, 00:58 UTC · descriptive data, not advice

Put/call ratio by expiry

Each bar is one expiry, open interest on Deribit, OKX and Bybit added together. Short daily expiries often swing far from 1; the monthly and quarterly expiries hold most of the open interest and move more slowly.

0.00.51.01.52.028 Oct: put/call 0.50, open interest 102,977 ETH0.5028 OctD29 Oct: put/call 1.30, open interest 40,756 ETH1.3029 OctD30 Oct: put/call 0.91, open interest 543,824 ETH0.9130 OctM31 Oct: put/call 1.79, open interest 7,819 ETH1.7931 OctD06 Nov: put/call 0.78, open interest 133,015 ETH0.786 NovW13 Nov: put/call 0.87, open interest 31,722 ETH0.8713 NovW20 Nov: put/call 1.35, open interest 3,056 ETH1.3520 NovW27 Nov: put/call 0.51, open interest 243,731 ETH0.5127 NovM25 Dec: put/call 0.42, open interest 770,663 ETH0.4225 DecQ29 Jan: put/call 1.26, open interest 3,884 ETH1.2629 JanM26 Mar: put/call 0.49, open interest 278,146 ETH0.4926 MarQ25 Jun: put/call 0.70, open interest 105,857 ETH0.7025 JunQ24 Sep: put/call 0.78, open interest 31,617 ETH0.7824 SepQpink = more puts than calls · cyan = more calls · brighter = more open interest · dashed = 1.0
ExpiryTypeCalls, ETHPuts, ETHPut/callNotional24 h volume P/C
Wed 28 OctDAILY68,60434,3740.50$241M0.46
Thu 29 OctDAILY17,73023,0261.30$95M0.88
Fri 30 OctMONTHLY284,972258,8530.91$1.27B0.23
Sat 31 OctDAILY2,7985,0211.79$18M1.87
Fri 06 NovWEEKLY74,80858,2070.78$312M1.24
Fri 13 NovWEEKLY16,99014,7320.87$74M1.19
Fri 20 NovWEEKLY1,3031,7531.35$7.2M0.57
Fri 27 NovMONTHLY160,97582,7560.51$571M0.71
Fri 25 DecQUARTERLY542,699227,9640.42$1.81B1.27
Fri 29 JanMONTHLY1,7162,1681.26$9.1M1.59
Fri 26 MarQUARTERLY186,52591,6220.49$652M1.45
Fri 25 JunQUARTERLY62,22243,6350.70$248M0.15
Fri 24 SepQUARTERLY17,73213,8850.78$74M1.40

Open interest in ETH of underlying. All expiries settle at 08:00 UTC. Monthly and quarterly expiries in bold. Max pain for the same expiries: ETH max pain today.

Put/call ratio by exchange

ExchangeCalls OIPuts OIOI put/callShareCalls 24 hPuts 24 hVolume P/C
Deribit1,017,973508,2760.5066 %26,54422,3060.84
OKX200,134199,7631.0017 %61,66830,4920.49
Bybit220,968149,9540.6816 %204,84772,4370.35

Deribit holds most of the open interest, so it sets the combined figure; OKX and Bybit often lean differently. An exchange marked "small" has under 1 % of the open interest, so its ratio says little.

Put/call ratio over time

Our own record, one snapshot every 15 minutes since 26 October 2026 (31 hours). Over this period the open interest put/call ratio ranged from 0.59 to 0.60, median 0.59.

0.400.600.801.002,3002,3102,3202,3302,3402,35026 Oct 18:0426 Oct 23:1227 Oct 04:2027 Oct 09:2827 Oct 14:3627 Oct 19:4428 Oct 00:52amber = put/call, open interest · purple = put/call, 24 h volume · grey = ETH price (right)

How to read the put/call ratio

Below 1more calls than puts are open.
Around 1puts and calls roughly balanced.
Above 1more puts than calls: more hedging or more put selling, the ratio cannot tell which.

This page describes positioning. It is not a forecast, a signal or financial advice.

How the numbers are calculated

  1. Take open interest for every Ethereum option on Deribit, OKX and Bybit, in ETH.
  2. Add up calls and puts for each expiry, for each exchange and for all expiries together. Expiries that have already settled are left out.
  3. Put/call ratio = puts ÷ calls.
  4. Volume put/call: every option trade on the three exchanges over the last 24 hours, ETH of puts ÷ ETH of calls.

Open the live options chain ETH max painGEX by strikeImplied vs realized volAlerts

Learn more: how to read the options chain · max pain explained · options expiries · PCR for Delta Exchange India · order book heatmap (Depth)

FAQ

What is the Ethereum put/call ratio today?

The Ethereum put/call ratio is 0.60 by open interest (28 October 2026, 00:58 UTC): 857,993 ETH in open puts against 1,439,075 ETH in open calls, all expiries on Deribit, OKX and Bybit added together. Over the last 24 hours, 125,235 ETH of puts and 293,060 ETH of calls traded, a volume put/call ratio of 0.43.

How is the put/call ratio calculated?

Open interest put/call ratio = open interest in puts divided by open interest in calls, counted in ETH of underlying. Volume put/call ratio = ETH of puts traded divided by ETH of calls traded over the last 24 hours. We add Deribit, OKX and Bybit together and also show each exchange and each expiry on its own.

What does a high or low put/call ratio mean?

Above 1 means more puts than calls are open; below 1 means more calls. It counts positions, not who bought or sold them: a put can be a hedge bought by a holder or an income trade sold by someone collecting premium, so a high ratio is not automatically bearish. It is most useful compared with its own history and across expiries. It is descriptive data, not a signal or advice.

What is the difference between open interest and volume put/call ratio?

Open interest counts every option still open, so it changes slowly and shows how the market is positioned. Volume counts what traded in the last 24 hours, so it reacts to today's flow and can swing a lot, especially around an expiry.

Why is the put/call ratio different on other sites?

Many sites show Deribit only, or one expiry, or volume instead of open interest. Deribit holds most Ethereum options, but OKX and Bybit often lean differently, so the combined figure here can differ from a Deribit-only number. The table by exchange shows each one.

Where can I see the put/call ratio for Delta Exchange India?

The Ethereum today in India page shows the PCR for the next Delta Exchange India expiry (17:30 IST), with the ATM straddle and implied move.

Data: Deribit, OKX and Bybit public options data. Descriptive data, not a forecast or financial advice.