ETH: Options Delta Traded (Deribit)
Shown as its 3 Oct – 1 Nov 2026 sample; the latest readings and full history are included with Pro.
The directional exposure traded through ETH options on Deribit: all delta traded and the net delta bought by takers.
Why use it. Options change hands in delta terms: the net line shows whether option flow as a whole is adding or removing long exposure, which market makers then hedge in the underlying. How to read it. Net above zero: takers bought more delta than they sold (bought calls or sold puts); the makers opposite them are left short and tend to hedge by buying. Below zero, the reverse. Compare the total with its own past: big days mean heavy repositioning.
Calculation. For each trade: Black-76 delta on the trade's implied volatility with the index price standing in for the forward, times the contracts, times the index price; signed by the taker's side for the net line, unsigned for the total. Trades without an implied volatility on record count toward the volume charts but not here. Source: every Deribit ETH option trade (the coin-settled contracts) from Deribit's public trade record, complete from the first listed contract, and our own copy of that record for the latest days. OKX and Bybit are not included: their trades are only available from our own capture, which starts on 14 October 2026 13:00 UTC.