Implied volatility for Solana options expiring in two days increased by 18.3 points over the past week. Data from Derivasys indicates that the volatility curve is currently inverted, as near-dated options are priced higher than longer-dated contracts, reflecting immediate market concerns.
As of mid-October 2026, the 30-day at-the-money implied volatility for SOL was 54.9%, while the front expiry reached 66.6%. Realized volatility over the previous 30 days was 64.3%, suggesting that only short-term options are currently pricing in the actual level of market turbulence.
The total open interest for SOL options reached approximately $117 million by mid-October 2026. The put/call ratio is currently at 0.80, and the max pain level, where the highest number of options would expire worthless, is set at $110.
The spread between SOL and Bitcoin one-week at-the-money implied volatility ranges from 18 to 24 points. Analysts note that SOL's short-dated volatility is more reactive than that of Bitcoin or Ethereum, with hedging demand and speculative activity driving the current market sentiment.
