Altcoin Options Weekly Recap – May 5–11, 2025 This week marked a shift in tone across the altcoin options market. While call option buyers still led, put option buying jumped from 2% to 15%, reflecting a rise in hedging or downside speculation.
Flow concentrated in $SOL options, $XRP options, and $TRUMP options, with continued interest in meme upside via $HYPE options. Volatility sellers rotated into longer expiries on $PAXG, $ENA, and $TRUMP.
More traders began building mid-dated structures into May 30 and June 27, signaling growing maturity in altcoin option strategies.
Client Positioning Breakdown (vs. Last Week) 39% Bought Call Options (↓ from 62%) 19% Sold Call Options (↑ from 17%) 18% Sold Put Options (↓ from 20%) 15% Bought Put Options (↑ from 2%) 9% Multi-legs structures
The return of put buyers was the most significant shift — seen primarily in $XRP, $SOL, and $TRUMP strikes.
$SOL options replaced $TRUMP at the top, supported by flow across both calls and puts. $HYPE and $XRP ladders remained active, while $PAXG activity shifted toward long-dated put selling.
Weekly Flow Takeaways Call buying softened slightly but remained dominant Put buying jumped sharply, especially in $XRP and $TRUMP $SOL led the rotation back into majors with both sides active Traders pushed more volume into May 30 and June 27
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.
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%
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
Why Altcoin Options Are the Future: PowerDEX Launches on Base Crypto markets have grown beyond simple spot buys and perpetual futures. Options trading is rapidly emerging as the next big leap for traders seeking advanced risk management, strategic flexibility, and new profit opportunities. While spot and perps only allow bets on price direction—often with liquidation risks—options provide more nuanced tools: you pay a premium for the right, not the obligation, to buy or sell an asset at a specific strike price. If the trade goes against you, the worst you face is the premium, rather than a forced liquidation. In the fast-paced world of crypto, this can be a game changer.
Among the platforms driving this shift, PowerTrade and its decentralized counterpart PowerDEX stand out. PowerTrade has long been recognized as the leading altcoin options exchange, listing over 80 altcoin markets alongside Bitcoin and Ethereum. Thanks to multiple expiration dates per asset—often more than 10 per market—the platform hosts over 100,000 individual option securities, far surpassing any other venue in crypto. In 2024 alone, the combined volumes in altcoin options have reportedly soared by over 150,000%, giving traders more reason than ever to explore these versatile derivatives.
Now, the spotlight is on PowerDEX, which is available on both Ethereum and Base networks -and soon Solana-. By integrating with Base, PowerDEX offers on-chain options trading that feels nearly as smooth as a centralized exchange (CEX). Lower gas fees and faster confirmations reduce friction, so you can enter or exit options positions with minimal cost and delay. This article will explore how PowerDEX on Base changes the game for altcoin options, why options themselves offer critical advantages over spot and perps, and how PowerTrade’s approach—spanning both centralized and decentralized platforms—makes it a formidable, arguably unmatched, force in the crypto world.
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.
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.
🚨 BITCOIN BREAKS THE RAINBOW – WHAT COMES NEXT? 🌈🚀
Alright folks, this is not a drill – Bitcoin has officially left the rainbow for the first time in recorded history. For those who don’t know, the Bitcoin Rainbow Chart has accurately predicted every bull and bear cycle since Satoshi Nakamoto first mined Bitcoin in 1997. 📈🔥
Historically, Bitcoin moves within the colored bands, ranging from “Fire Sale” (time to buy!) to “Bubble Territory” (be careful, moonboys!). But as we can see in the latest chart, Bitcoin has completely ignored the rainbow’s laws of physics, soaring into an undiscovered zone where we have no data to predict what happens next. 🤯📊
Some experts believe this means a supercycle is beginning, where Bitcoin skips the usual correction phases and enters an infinite bullish loop. Others are warning of an incoming “Double Death Cross”, which, as you know, happened right before the Great Recession of 2012. 📉💀
A few key takeaways from this: ✅ Bitcoin has decoupled from all traditional models (the rainbow, stock-to-flow, astrology, etc.). ✅ This level has NEVER been seen before, so there’s no historical resistance. ✅ Every time Bitcoin has broken a major model, it has led to a life-changing event (remember when it hit $1,000 and people said it was overpriced?). ✅ Institutions are secretly accumulating, as indicated by an obscure RSI divergence hidden in the chart (I’ll explain in another post).
TL;DR – We’re either going to $1,000,000 or $0, and there’s no in-between. Buckle up. 🚀🌙
Let me know what you think in the comments. Are you all in or panic selling? 🤔
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 2.210
📊 Altcoin Options Daily Recap – May 2, 2025 XRP and HYPE100 lead the charge as call option buyers take over the tape. 📌 Daily Highlights 🧠 Client positioning: 54% Bought Call Options 25% Sold Put Options 22% Sold Call Options 🪙 Top flow tokens: XRP, PAXG, HYPE100, TRUMP100 📆 Most trades focused on May 2 expiration, but May 9 and May 30 expiries also saw structured flow 🚀 Call Option Buyers Take Control Today saw one of the most bullish flows in weeks — with XRP, HYPE100, and TRUMP100 call