PowerTrade/PowerDEX Altcoin Options Daily Recap – May 7, 2025

The market leaned heavily into call option buying, with traders showing interest in meme coin upside via low-delta call options across HYPE100, TRUMP100, and MOG10000000 options.

This was paired with upside exposure in majors like XRP options and SOL options, while some traders positioned more defensively via put option purchases into mid-May.

Flows remain highly directional — with many participants betting on outsized meme moves while using majors to structure hedges or low-cost premium exposure further out the curve.

Top Altcoin Options by Volume Share
XRP options: 43.9%
HYPE100 options: 26.8%
SOL options: 15.1%
BNB options: 6.9%
TRUMP100 options: 2.7%
MOG, PAXG, TAO, VIRTUAL100, STX1000 options: <2% each

XRP options once again dominated, with heavy flow in both 2.11C and 2.05P strikes. HYPE100 options saw strong demand for 2200C calls, while SOL options continued to trade tightly around the 146.5–147.2C range.

Largest Altcoin Option Trades (Client Role)
XRP 2.05 Put Option exp May 16: $424K → Buy Put Option
SOL 147.2 Call Option exp May 8: $296K → Buy Call Option
BNB 620 Call Option exp May 30: $121K → Sell Call Option
TRUMP100 1160 Call Option exp May 7: $110K → Buy Call Option

Call vs Put Option Volume
Call Options: 75%
Put Options: 25%

Today’s call dominance was backed by aggressive meme upside plays, while put activity was more tactical and long-dated.

Directional Positioning Breakdown
Bought Call Options: 68%
Sold Put Options: 15%
Bought Put Options: 10%
Sold Call Options: 7%

Call buyers led the tape across nearly every major name. Notably, put buying ticked higher, reflecting a more nuanced approach to risk — especially on XRP and SOL.

Expiration Breakdown
May 8 (Thu): 38.4%
May 7 (Wed): 19.6%
May 16: 22.6%
May 30: 5.3%
June 27, July 25, Sept 26: 8%

Most Active Strike Levels

HYPE100 2200 Call Option: $1.04M
XRP 2.05 Put Option: $799K
XRP 2.11 Call Option: $639K
SOL 147.2 / 146.5 Call Options: $590K
BNB 620 Call Option: $271K
XRP 2.25 Call Option: $216K