PowerTrade Altcoin Options Daily Recap – May 5, 2025

Highlights

Client positioning:

46% Sold Put Options

25% Sold Call Options

14% Bought Call Options

11% Bought Put Options

4% Unknown

The day was driven by volatility selling on macro names like PAXG options and SOL options, while traders took upside shots in HYPE100 options, TRUMP100 options, and XRP options.

Top Altcoin Options by Volume Share

HYPE100 options: 46.8%

XRP options: 16.0%

TRUMP100 options: 14.4%

SOL options: 12.3%

PAXG options: 7.7%

SEI10000 options, BNB options, BONK1000000 options, POPCAT100 options, DOGE options: each <2%

HYPE100 options led the day with significant upside call buying at the 2400 strike. TRUMP100 options showed a stacked upside ladder from 1080C to 1300C. SOL options were active in near-the-money puts, and XRP options saw consistent call flows at 2.175C.

Largest Altcoin Option Trades (Client Role)

HYPE100 2400 Call Option exp May 6: $803.6K → Buy Call Option

XRP 2.175 Call Option exp May 6: $279.5K → Buy Call Option

SOL 142 Put Option exp May 6: $143.5K → Buy Put Option

TRUMP100 1300 Call Option exp May 6: $112.9K → Buy Call Option

PAXG 3200 Put Option exp May 6: $67.0K → Sell Put Option

Call vs Put Option Volume

Call Options: 39%

Put Options: 61%

Put volume led the day, driven by PAXG options, SOL options, and AAVE10 options. However, strong call buying continued in meme names and majors.

Expiration Breakdown

May 6: 39.3%

May 9: 14.3%

May 30: 21.4%

June 27 & Sept 26: 14.3% combined

While May 6 expirations led, traders added exposure into May 30, June, and September—particularly in XRP options, PAXG options, and HYPE100 options.

Most Active Strike Levels

HYPE100 2400 Call Option: $803.6K

XRP 2.175 Call Option: $279.5K

SOL 142 Put Option: $215.2K

PAXG 3200 Put Option: $133.6K

TRUMP100 1300, 1080, 1100 Call Options: $250K+ combined

SEI10000 2300 Call Option: $20.3K

BONK1000000 40 Call Option: $6.8K