Solana Options Traders Wan Target $200 As SOL Jump 85% And Institutions Bet Say E Go Still Go Up
Solana get im own crypto, SOL, don see big jump of 85% for di past four weeks, e don pass bitcoin and Ethereum well well. Crypto analytics company wey dem call Amberdata don predict before say SOL fit reach $200 by May 2025, dem talk say pipo don dey show more interest for $200 strike call options and say $160 resistance level important for how price go move soon. New tings wey dey happen show say big big institutional block traders dey rush buy di $200 call options wey go end June 27 for Deribit, dis show say dem get strong belief say SOL fit cross $200 before dis month finish. Just last week alone, 50,000 call contracts bin trade—wey make total of $263,000 for premiums—with yearly implied volatility of 84%, wey be less dan wetin SOL dey normally get for history. Dis high demand for call options don cause plenty negative gamma exposure for option market makers, e go likely make price shake well well as dem dey try protect dia positions, especially if SOL cross $200. At di same time, di way money dey move from Ethereum go Solana and di way SEC government body dey support am dey give am more ginger. Crypto traders suppose eye di levels of $160 and $200 well well as how di big pipo bullish and how options market dey show say price fit shake more and maybe go up small small for SOL.
Bullish
SOL recent 85% jump, big money people dem rushing to buy $200 call options, and plenty open interest show say strong bullish feeling dey and e expect say price go still climb. Di way wey implied volatility low pass average, plus market makers get serious negative gamma exposure, and plenty derivative trading dey happen, e fit cause price to swing up and down fast for small time, especially if SOL cross key levels like $200. How e don perform well pass Ethereum before and di good news from regulators just add fuel to di bullish fire, show say SOL get better chance to climb higher soon.