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Hypercall Documentation

Sàn giao dịch quyền chọn on-chain xây dựng trên Hyperliquid

Nghiên cứu quyền chọn

2026-08-17

BABA Is Priced as Commerce. Its Long-Dated Options Ignore the AI Rewrite.

Alibaba's commerce engine funds Cloud, Qwen, and T-Head. The stock carries a China discount; long-dated options barely price the chance that the company changes category.

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2026-08-17

SanDisk Is Up 3,585%. The Options Market Has Scheduled the Verdict for 2028

How a memory-card company became the purest AI storage trade on US markets: the inference storage problem from first principles, the NAND squeeze, an 84.6% gross margin quarter, $93.9B of contracts, HBF, and what four vol surfaces say about each other.

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2026-06-11

The Next Trillion Dollars of Stablecoins Will Be Built on Options

Vitalik proposed replacing debt and liquidations with option pairs as the base layer for synthetic dollars. We explain the idea from first principles, price it on live Deribit data, and backtest it through nine years of ETH crashes. The missing piece is an options venue.

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2026-06-03

RPI: The Execution Model Between RFQ and CLOB

The RFQ vs CLOB debate misses the point. RPI gives you a transparent orderbook with a pre-trade auction that guarantees price improvement. Here is how it works, why options need it, and what it means for perps.

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2026-04-22

SpaceX Paid $10 Billion for a Call Option on Cursor. That's a Great Deal.

The biggest AI deal of the year is a structured option hiding in plain sight. We decompose the SpaceX-Cursor acquisition right into a Black-Scholes framework, back out the implied vol, and compare it to every asset class we can price.

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2026-04-11

The 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.

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