Hypercall to Launch Anthropic-Linked Pre-IPO Options Market, Trading Expected to Start Monday

Hypercall, an on-chain options platform built on Hyperliquid, plans to launch a pre-IPO options market tied to Anthropic, claiming it as the first of its kind. Trading is expected to commence on Monday and operate around the clock, available only in select non-U.S. jurisdictions and not offered to U.S. customers; the platform will support call options, put options, and spread strategies. The relevant contracts are synthetic, cash-settled derivatives—traders will not hold actual Anthropic shares or gain voting rights, with settlement amounts calculated based on strike price and reference price at expiration. Existing Anthropic-linked perpetual contracts on Hyperliquid may offer hedging channels for options market makers.

Hypercall currently also offers options tied to SpaceX, the S&P 500 index, Bitcoin, and Ethereum; its founder, Jake Sylvestre, previously disclosed that the platform's notional options trading volume in September stood at $536 million.