\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tHypercall’s Anthropic options will settle on a 30-minute average of a Hyperliquid perp’s oracle price, not on any traded share.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Hypercall said on Friday that it will open options tied to Anthropic\u2019s pre-IPO price on Monday, November 9, as the AI company prepares for its Nasdaq listing.<\/p>\n
The contracts go live at 8 a.m. EST and trade around the clock, weekends included. Traders can buy calls and puts or combine them into spreads. Those options are synthetic and settle in cash.<\/p>\n
Hypercall, a Synapse product, is an options exchange built on Hyperliquid. The platform reported $536 million in options notional volume in September. Its existing markets cover SpaceX, the S&P 500, large US stocks, Bitcoin (BTC), and Ethereum (ETH).<\/p>\n
Hypercall pointed<\/a> to Anthropic\u2019s pre-IPO perpetual futures on Hyperliquid, where traders already bet on the company\u2019s valuation. Those markets run on HIP-3, a Hyperliquid feature that lets developers deploy<\/a> their own perpetual futures.\u00a0Hyperliquid\u2019s market data listed four Anthropic perps on Friday. Those four come from Trade[XYZ], Ventuals, Paragon, and EntropyIO.<\/p>\n Moreover, Hypercall\u2019s documentation says its options are European-style, so they pay out only at expiry. Each contract settles in USDC against a 30-minute average of the oracle price on the underlying Hyperliquid perp.<\/p>\n For stocks and indices, that perp sits on Trade[XYZ]\u2019s venue. Its list of underlyings, last updated on November 3, does not yet include an Anthropic perp.<\/p>\n