ETH: CFTC Net Positions by Trader Group, with Options
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
The net long or short position of each trader group in Ethereum futures and their options on US-regulated exchanges, as the CFTC's combined report counts them.
Why use it. Options let traders hold exposure without futures: a fund sells calls against its longs, a dealer hedges the options it sold. With options counted, the chart shows each group's whole regulated position. How to read it. Compare it with the futures-only chart: the gap between the two is exposure held through options.
Calculation. For each report: long minus short positions of each group, in contracts times the contract's size in ETH, added up over every Ethereum futures contract in the report (futures and options combined; the CFTC converts each option position into futures by its delta). Spreading positions are equal long and short and leave the net unchanged, so the five groups' nets add up to zero. Contracts: CME (50 ETH a contract, from 6 Apr 2021); CME Micro (0.1 ETH a contract, from 14 Dec 2021); Coinbase Nano (0.1 ETH a contract, from 14 Nov 2023); Coinbase Nano Perp-Style (0.1 ETH a contract, from 22 Jul 2025). One value per weekly report, dated the Tuesday whose positions it lists (positions at that day's close); the CFTC publishes each report the following Friday at 15:30 US Eastern time and CryptoKeyhole reads it within ten minutes. The CFTC revises a report now and then; the whole history is read again every day. Source: the CFTC's Traders in Financial Futures report (public data of the US Commodity Futures Trading Commission), read by CryptoKeyhole.