Hypercall to Open Anthropic Options on Hyperliquid November 9 as IPO Timing Draws Doubts
Hypercall will open options tied to Anthropic’s pre-IPO price on Monday, November 9, as the AI company prepares for its Nasdaq listing.
Hypercall, an options exchange built on Hyperliquid, will launch synthetic options tied to Anthropic’s pre-IPO valuation on Monday, November 9.
The contracts will settle in USDC against a 30-minute average of the oracle price on the underlying Hyperliquid perpetual futures, not on any traded share.
Traders can buy calls and puts or combine them into spreads, with the contracts trading around the clock, including weekends.
Hypercall pointed to Anthropic’s pre-IPO perpetual futures on Hyperliquid, where traders already bet on the company’s valuation.
Options Settle on Perp Prices
The options are European-style, paying out only at expiry, and buyers of fully paid options can lose no more than their premium.
For stocks and indices, the underlying perp sits on Trade[XYZ]’s venue, which does not yet list an Anthropic perp as of November 3.
Market makers that sell the options can hedge on the Anthropic perps, which keep trading after US exchanges close.
Ventuals’ SpaceX pre-IPO perp fell about 45% in May after bad oracle data from an outside provider and liquidated more than $1.5 million in long positions.
Roadshow Timing Draws Doubts
Hyperliquid’s market data listed four Anthropic perps on Friday, from Trade[XYZ], Ventuals, Paragon, and EntropyIO.
Anthropic filed its IPO prospectus on October 26 and plans to list on Nasdaq under the ticker ANT, but its amended prospectus filed on November 2 leaves the price range blank.
Bloomberg had reported the roadshow could start the week of November 9, with a debut before Thanksgiving on November 26.
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