Some friends want me to analyze SOL. I will first look at the data over the weekend and then check for changes after the U.S. stock market opens next Monday for a comprehensive comparison.

Overall, the gamma ex data is still mainly positive gamma, and the energy also exceeds negative gamma, so we can expect that in the short term, SOL will experience reduced volatility and narrow fluctuations.

From the options OI distribution, the range of 150 to 200 is relatively balanced. Combined with the negative gamma distribution, it is estimated that sellers of call options dominate the market.

Analyzing the call sellers, they are either holding spot positions for covered calls or holding contracts to collect rent, suggesting they are not very optimistic about a sharp increase in SOL but are prepared for fluctuations.

In the past 24 hours, the position changes at the 170 strike price have been the most dramatic. It is estimated that there will be intense competition at this price level.

If anyone is selling calls, I recommend the 180 and 200 positions, which are relatively safe.

As for buyers, I suggest using a bull spread; if it doesn't rise, the time value will decay slowly, allowing for a comfortable rollover.

Wishing everyone prosperity~