According to The Block data, Ethereum options trading volume hit a historical high in January. The total trading volume of Ethereum options in January has soared to nearly 20 billion US dollars, of which about 15 billion US dollars came from the activities of Deribit derivatives exchange.
On Deribit, there is a noticeable concentration of bullish Ethereum options due on February 23rd with an execution price of $2,500. There are more than 74,548 outstanding bullish contracts with a nominal value of approximately $172 million.