[Alt Option Trends] Ether puts dominant, Solana balanced, XRP call rebound expected

Ethereum options expiring November 6 on Deribit show a defensive tilt, with put open interest of 101,917 contracts (about $234.47 million) outpacing calls and a put/call ratio of 1.25, while total expiry trading also leaned toward puts. Solana open interest stood at 10,430 contracts (about $9.43 million) with a put/call ratio of 0.87, reflecting balanced sentiment despite call-heavy positioning, and XRP open interest was 3,443 contracts (about $4.19 million) at the same 0.87 ratio, though XRP call trading ran twice the volume of puts, signaling relatively stronger rebound expectations. The split matters because it shows traders hedging downside on Ethereum while pricing more upside optionality in XRP. Next, watch whether Ethereum put demand persists into subsequent expiries and whether XRP call activity converts into sustained spot demand.