PowerTrade/PowerDEX Altcoin Options Daily Review – May 7, 2025
The market today is clearly leaning towards buying call options, with traders betting on the rise of meme coins (HYPE100, TRUMP100, MOG10000000) through low Delta call options. At the same time, some funds are also positioning for upward exposure in XRP options and SOL options, and are conducting defensive allocations through mid-term put options. Overall, the direction of funds is very distinct—most participants are betting on significant volatility of meme coins while using mainstream coins to hedge or acquire longer-term risk exposure at a lower cost.
Highest trading volume altcoin options
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: each <2%
XRP options once again dominate, with active trading in the 2.11 USD call and 2.05 USD put options. Strong demand for HYPE100 2200 call options; SOL options are concentrated around the 146.5–147.2 USD call price range.
Largest single altcoin options transaction (client role) — text version
XRP: Buy 2.05 USD put option, expiring on May 16, 2025, nominal amount 424,000 USD
SOL: Buy 147.2 USD call option, expiring on May 8, 2025, nominal amount 296,000 USD
BNB: Sell 620 USD call option, expiring on May 30, 2025, nominal amount 121,000 USD
TRUMP100: Buy 1160 call option, expiring on May 7, 2025, nominal amount 110,000 USD
Call vs Put transaction ratio
Call options: 75%
Put options: 25%
Call transaction volume dominates, primarily driven by aggressive bets on the upward movement of meme coins; puts are more tactical and have longer maturities.
Directional position distribution
Buy calls: 68%
Sell puts: 15%
Buy puts: 10%
Sell calls: 7%
Expiration structure
May 8 (Thursday): 38.4%
May 7 (Wednesday): 19.6%
May 16: 22.6%
May 30: 5.3%
June 27, July 25, September 26: total 8%
Most active strike prices
HYPE100 2200 call: 1,040,000 USD
XRP 2.05 put: 799,000 USD
XRP 2.11 call: 639,000 USD
SOL 147.2 / 146.5 call: 590,000 USD
BNB 620 call: 271,000 USD
XRP 2.25 call: 216,000 USD
