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Hypercall plans Anthropic-linked pre-IPO options on Hyperliquid from 9 November

The contracts are due to start at 8 a.m. EST on Monday and are not live yet. They are synthetic and cash-settled, and Hypercall told The Block they will not be open to US customers.

November 6, 2026 · Announced · Verified 2026-11-07 via official announcement

Hypercall, an onchain options platform built on Hyperliquid, said on 6 November 2026 that options linked to Anthropic will go live at 8 a.m. EST on Monday 9 November. Hypercall calls it the first options market tied to the company ahead of its IPO. The start is a stated plan, and nothing had begun trading when this was published.

The Block reports that the options are synthetic and settle in cash, so holders get no Anthropic shares and no voting rights. Payouts depend on the strike price and a reference price at expiry. Hypercall says traders will be able to use calls, puts and multi-leg spreads around the clock, and that buyers of fully paid long options can lose no more than their premium and are not liquidated before expiry. Neither the release nor The Block gives the strikes, the expiries, how the reference price is set, or what happens if the IPO slips.

Hypercall is a separate platform, not a Hyperliquid product, and DexSheet has no sheet for it yet. It says Hyperliquid perps let market makers hedge the options when traditional markets are closed. Those markets already include Trade[XYZ]'s Anthropic perp, listed on 26 October. Neither the release nor The Block says Anthropic is involved.

Hypercall's founder and its growth head told The Block the contracts will not be available to US customers, and The Block describes availability as select non-US jurisdictions. The release itself does not mention this, and we could not find Hypercall's terms or a list of restricted countries. Hyperliquid's own terms also bar people in the United States.

Anthropic filed its S-1 on 26 October and plans to list on Nasdaq as ANT. The Block reports that traders have grown less sure of the timing: Polymarket's odds of a November IPO fell from about 88% on Tuesday to as low as 51% by Thursday. Hypercall reports $536 million of notional options volume in September, which Crypto Briefing says came mostly from S&P 500 contracts.

“Contracts go live at 8 a.m. EST, Monday, November 9”

— Hypercall press release

Who this affects

Traders outside the US who use Hyperliquid-based markets for pre-IPO exposure to Anthropic. US customers are excluded. Other restricted countries are not listed in what we could read.

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