On June 2, 2025, the altcoin options market experienced significant trading activity, particularly concerning SOL and TRUMP100. This event has captured the attention of traders and investors.
Macro Context and Market Sentiment
Bitcoin reclaimed positions above $105,000, while Ethereum remained above $2,600. At the same time, the SEC's announcement of the conclusion of its investigation into Ethereum's initial fundraising boosted market optimism. Meme tokens continued to attract attention, with $TRUMP100 leading the charge as political-themed tokens garnered significant interest.
Volume Leaders: SOL and TRUMP100
SOL options became the highlight, with significant flows into short-dated contracts. The most active line was for $160C options, reflecting high bullish sentiment. Trading on TRUMP100 also attracted attention, with traders rolling out of nearer contracts into longer expirations.
Strategies and Technical Trade Ideas
The market shows confidence in short-term profitability, leading to high activity in call options. Suggested trading strategies include: 1. Bull call spreads on $SOL, 2. Long call calendars on $TRUMP100, 3. Diagonal spreads on $ETH, 4. XRP-based strategies. These strategies provide traders with various entry opportunities.
The altcoin options market demonstrates sustained bullish sentiment with a focus on SOL and TRUMP100. Further movements are expected based on upcoming economic and political news.
