Fractional options
on Hyperliquid.
Crypto and stock options. Defined risk. No minimums.
Perps will liquidate
you at 3am.
Options won't.
Your max loss is the premium you paid. No margin calls. No funding rates. You choose your risk upfront.
Hover the diagram — the flat line at the bottom is your worst case. Everything above is upside.
Latest research
View allThe Generational Oil Roll Happened on Hyperliquid: Why It Couldn't Have Happened Anywhere Else
How a published oracle walk between dated CME contracts turned the April WTI roll into the loudest trade in crypto — and why HIP-3 is the only venue this instrument could have existed on.
Read more Apr 9, 2026Vanilla Options on Top of HIP-4
HIP-4 extends way beyond prediction markets. We are building real vanilla options on Hypercall with native HIP-4 thresholds underneath them and portfolio margin that can finally credit the whole writer hedge stack.
Read more Apr 5, 2026Is AI Cooked?
Semis are crashing, Iran closed the Strait of Hormuz, tariffs are landing, and everyone is asking if the AI trade is over. We looked at the options market. The answer is more interesting than yes or no.
Read more Apr 3, 2026Everyone Is Hedged. Now What?
433M of BTC put premium in one week. 3.2x put/call ratio on ETH. Zero funding. Fear and Greed at 8. The most crowded trade in crypto is short. History says that is where bottoms form.
Read more Mar 31, 2026The JPM Collar: Why One Options Trade Moved the Entire Market
The JPMorgan Hedged Equity Fund's quarterly collar trade expired today. Here's what happened, why it matters, and what comes next.
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