Hypercall Schedules Anthropic-Linked Options for November 9

What happened: Hypercall plans to open trading in Anthropic-linked pre-IPO options at 8 a.m. EST on Monday, November 9, offering calls, puts, spreads and more complex strategies in select non-US jurisdictions. Built on Hyperliquid L1, the products are European-style, USDC-settled synthetic derivatives that provide no actual Anthropic shares or voting rights. Hypercall launched its mainnet on June 1 with SpaceX-linked options and reported approximately $536 million in September options notional volume.

Why it matters: These contracts create a way to trade price expectations around Anthropic without acquiring shareholder ownership, making settlement terms and the underlying pricing reference central to understanding the exposure. Market makers are expected to hedge through existing Anthropic perpetual futures on Hyperliquid, suggesting option prices may track that market more closely than private share transactions. The reported shift in Polymarket’s November IPO probability from 88% to 51% illustrates changing expectations, but those odds remain market estimates rather than confirmation of a listing date.

Source: The Block