Hypercall, an onchain options trading platform built on Hyperliquid, has announced the launch of the world's first 24/7 Anthropic-linked options market. The contracts go live at 8 a.m. EST on Monday, November 9, allowing traders to take positions on the AI company's future through calls, puts, spreads, and volatility strategies before its highly anticipated initial public offering. The move opens an entirely new dimension of trading around Anthropic, the company behind Claude, which is set to list on NASDAQ under the ticker ANT.
The significance of this launch lies in the timing and the gap it fills. Following Anthropic's October 26 IPO filing, traders began speculating on the company's valuation through pre-IPO perpetual futures on Hyperliquid. However, without an options market, investors lacked the tools to hedge downside risk, position for volatility, or define their maximum loss. Hypercall's new contracts address this by enabling traders to do more than simply bet on whether Anthropic's valuation will rise or fall. As Jake Sylvestre, founder of Hypercall, put it, "Anthropic already has a price. Now it has an options market." He added that traders can protect against downside, position for a major move in either direction, and choose exactly how much they are willing to risk.
The contracts offer several advantages. First, 24/7 trading means market participants can react to breaking news at night or on weekends, without waiting for traditional exchange hours. Second, calls, puts, and multi-leg spreads allow for bullish, bearish, and volatility-driven views. Third, fractional sizing and defined risk mean buyers of fully paid long options can lose no more than their premium and are not subject to liquidation before expiration. Fourth, integrated hedging and portfolio margin connect directly to Hyperliquid's perpetual futures markets, allowing market makers and traders to hedge exposures while recognizing offsetting positions within a unified USDC-margined account.
This integration is particularly important for the Anthropic launch. Options markets depend on market makers being able to hedge their exposure efficiently. By tapping into Hyperliquid's continuously traded perpetual futures markets, Hypercall enables options liquidity and hedging even when traditional financial markets are closed. The launch follows rapid growth for Hypercall, which reported $536 million in options notional trading volume during September 2026. The platform already offers fractional options on SpaceX, the S&P 500, major publicly traded equities, and cryptocurrencies.
With Anthropic's IPO approaching, the new market introduces another measure of investor expectations: not merely what traders believe the company is worth, but how they price the uncertainty surrounding its public debut. Anthropic-linked options are available beginning November 9 at 8 a.m. EST at app.hypercall.xyz. The contracts are synthetic, cash-settled derivatives and do not represent Anthropic shares, IPO allocations, or ownership rights in the company. For more information, visit Hypercall.
