Hypercall to Open Anthropic Options on Hyperliquid November 9 as IPO Timing Draws Doubts

Hypercall's Anthropic options will settle on a 30-minute average of a Hyperliquid perp's oracle price, not on any traded share. Hypercall said on Friday that it will open options tied to Anthropic’s pre-IPO price on Monday, November 9, as the AI company prepares for its Nasdaq listing. 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. 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). Options Settle on Perp Prices Hypercall pointed to Anthropic’s pre-IPO perpetual futures on Hyperliquid, where traders already bet on the company’s valuation. Those markets run on HIP-3, a Hyperliquid feature that lets developers deploy their own perpetual futures. Hyperliquid’s market data listed four Anthropic perps on Friday. Those four come from Trade[XYZ], Ventuals, Paragon, and EntropyIO. Moreover, Hypercall’s documentation says its options are European-st...