[Ether Options Daily] Open Interest at $5.45105 Billion; $1,900 Put Options Lead in Trading Volume

Ethereum options open interest rose 2.75% to $5.451 billion as of 9:50 a.m. on the 2nd, up from $5.305 billion the prior day, according to CoinGlass data cited in the report. Notional 24-hour options volume stood at roughly $787.17 million, with the open interest split 62.37% calls versus 37.63% puts, while daily flow skewed the other way at 44.73% calls and 55.27% puts. The divergence signals medium-term positioning remains tilted bullish on calls even as near-term trading turned defensive toward puts, with the $1,900 put leading daily volume. The put-heavy intraday flow suggests traders are hedging short-term downside risk around current price levels. What to watch next: whether put dominance in daily volume persists or call-weighted open interest continues to build at upcoming expiries.