Solana Block Traders is to see SOL TOKEN expansion profit, $ 200.

SOL, a basic cryptocurrency of Solana programmable blockchain, has been more than twice that of Bitcoin (BTC) more than twice as much as twice as much as Bitcoin (BTC), and a large option trader has been positioning for additional profits.

As encryption and traditional markets have a greater risk, tokens have recently risen to about $ 176. CoINDESK DATA has risen 40%of Bitcoin, a major cryptocurrency based on market value.

Profit will not be reversed in the near future. If the block trader (mainly the institutions and market participants who run large -scale transactions outside the public spells and public spells), they have secured a number of SOL $ 200 options listed on Deribit listed on June 27, and are expected to see the price above the first half of the first half.

Greg Magadini, director of Amberdata’s derivatives, said, “The traders have been $ 200 in June last week, $ 200 in June last week. This has a total of 50,000 times a total of $ 263,000.” In Debit, one optional contract represents one solle.

The call option does not give the buyer an obligation to purchase basic assets later at a predetermined price. Call buyers are implicitly strong in the market. This is like buying a lottery that has a chance to get a lot of profits if the holder wins.

Magadini added that these currency options were snaped with an annual implied volatility (IV) of 84%. In other words, the trader called the SOL ‘S IV in a cheap state because it is usually hovering with a triple number.

According to the data, the demand for a $ 200 call option has left a significant pure gamma exposure to market manufacturers and dealers.

Market manufacturers with pure voice gamma exposure generally purchases the price increase and sales in the midst of dip, with the goal of reassuring the portfolio for deep neutral or market neutral location. Their hedging activities often amplify the market swing.

Therefore, it is likely that volatility will be picked up as the SOL potentially exceeds the $ 200 score.