Approximately 65% of Deribit’s Solana options open interest is concentrated in contracts expiring on September 25. Key strikes at $90, $105, and $125 bracket SOL’s recent spot price range of $115 to $118. The same date carries $15.9 billion in Bitcoin options open interest and $2.1 billion in Ethereum options, making it one of the largest quarterly settlement windows. Deribit launched SOL options in 2024 to diversify its altcoin offerings beyond Bitcoin and Ethereum, though trading activity remains modest compared to these dominant assets. Thin liquidity remains the central risk for SOL options traders, as futures and perpetual swap markets on Binance and Bybit carry significantly higher daily volume.
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