On-chain options exchange built on Hyperliquid
Documentation
Trade on App
Trade options through the Hypercall web interface with real-time pricing and execution.
→Integrate via API
Programmatic access with REST and WebSocket APIs for market makers and integrators.
→Contracts
Smart contract architecture and direct on-chain integration.
→Margining
SPAN-based portfolio margining with collateral management and liquidation mechanics.
→Venue Rules
Trading rules, order lifecycle, instruments, and market making parameters.
→Architecture
Platform overview, hybrid execution model, and system architecture.
→Options Research
Is AI Cooked?
Semis are crashing, Hormuz is closed, tariffs are landing. We traced the options term structure through the entire AI supply chain. The answer is more interesting than yes or no.
Read more 2026-04-03Everyone Is Hedged. Now What?
$433M of BTC put premium in one week. 3.2x put/call ratio on ETH. The most crowded trade in crypto is short. History says that is where bottoms form.
Read more 2026-03-31The 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.
Read more