XRP options dominate as traders stack short-term upside, while altcoin option coverage broadens deeper into May and June.📌 Daily Highlights

  • 🧠 Client positioning:
    36% Bought Call Options
    36% Sold Call Options
    24% Sold Put Options
    3% Unknown

  • 🪙 Top altcoins by option flow: XRP, SOL, TRUMP100, WIF1000

  • 📆 Expiry dates ranged from May 2 to July 25, with May 3 and May 9 leading

🚀 XRP Continues to Lead

XRP options saw overwhelming interest today, particularly in the 2.195–2.225 strike range:

  • XRP 2.210C and 2.220C each traded $1.11M, likely in short-term breakout structures

  • This was followed by heavy demand at 2.195C ($664K), 2.215C ($555K), and 2.200C ($443K) — forming a dense call ladder into May 3 and May 9

Most XRP option activity was client-driven call option buying, suggesting directional momentum plays were at work.

🪙 Top Altcoins by Volume Share

  • XRP: 74.4%

  • SOL: 11.9%

  • TRUMP100: 10.7%

  • WIF1000: 1.0%

  • TON, POPCAT100, AR100, ENA10000, TAO, BONK1000000: <1% each

SOL and TRUMP100 were active on call and put option skews, while smaller meme tokens saw selective entries via short-dated calls.

💰 Largest Altcoin Option Trades (Client Role)

  • XRP 2.210 Call Option exp May 3: $557.5K → Buy Call Option

  • TRUMP100 600 Put Option exp May 9: $256.6K → Sell Put Option

  • SOL 170 Call Option exp May 9: $177.2K → (Unknown direction)

  • ENA10000 3100 Put Option exp May 4: $15.7K → Sell Put Option

  • WIF1000 700 Call Option exp May 3: $15.5K → Buy Call Option

🧠 Flow today reflected a mix of aggressive call buyers (XRP, WIF1000) and systematic put sellers (TRUMP100, ENA10000) — with SOL flow direction still under review.

📈 Call vs Put Option Breakdown

  • Call Options: 76%

  • Put Options: 24%

The book leaned strongly toward call strikes, consistent with recent meme rotation and XRP’s chart structure.

🧭 Directional Positioning Summary

  • ✅ Bought Call Options: 36%

  • 🔻 Sold Call Options: 36%

  • 💰 Sold Put Options: 24%

  • ❓ Unknown or Hedged: 3%

Today’s option flow was evenly split between upside takers and call overwriters, suggesting divergence in short-term outlook — some chasing, others fading.

📅 Expiration Breakdown

📆 By Expiry Date:

  • May 3: 29.3%

  • May 9: 25.9%

  • May 2 + 4 + 23: ~20% combined

  • Late May to July (May 30, June 27, July 25): 10%

📌 Short-dated flow dominated again, but we saw growing interest in May 30 and beyond, particularly in majors and structured products.

🎯 Top Option Strike Activity

  • XRP 2.220C and 2.210C: $1.11M each

  • XRP 2.195C / 2.215C / 2.200C: $443K–$664K

  • SOL 165C / 170C: $355K each

  • TRUMP100 600P: $257K

  • TRUMP100 1450C: $128K

📐 Strike activity confirmed XRP’s breakout structure was the epicenter of altcoin option trading, with TRUMP100 and SOL forming the skew backdrop.