The options open interest (OOI) market is now about $40 billion larger than futures open interest (FOI), marking one of the widest gaps between the two, according to CheckonChain data. OOI represents the total number of outstanding options contracts that have not yet been settled, while FOI reflects the total value of open futures positions across exchanges. The options market supports a variety of functions, including hedging, delta-neutral strategies, volatility trading and structured product creation. ...