ETH 2280 Call OI Jumps 20x While the Taker Tape Stays Flat
ETH-1NOV26-2280-C open interest has gone vertical. It sat at 45 contracts on Oct 29 13:00 UTC, jumped to 657 by Oct 30 10:00, and now reads 898 as of the latest snapshot — a roughly 20x build in under two days, with the expiry just 21 hours out.
| Time (UTC) | Call OI (contracts) |
|---|---|
| 10/29 13:00 | 45 |
| 10/30 10:00 | 657 |
| 10/30 13:00 | 750 |
| 10/31 05:00 | 752 |
| 10/31 09:00 | 898 |
The taker tape tells a different story. Over the trailing 24 hours, the same strike printed 431 contracts of buy volume versus 482 of sell volume — a net of -51 contracts — spread across 243 trades and 20 hourly buckets, every single one showing zero block trades. Net premium traded was a modest $740, with aggregate buyer aggression near 0.62 but swinging bucket to bucket between pure buying and pure selling with no sustained directional push.
In short: the OI tally says a wall of size built here, the taker tape says almost nobody was aggressively buying it. Spot sits at 2243.19, with max pain at 2260 and gamma flip at 2281.58 — right on top of this strike.