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Welcome to Hypercall Spaces. In this edition, we take a closer look at SP500 Options and Builder Codes, while also breaking down exactly what it takes to construct options on the Hyperliquid platform.
In exactly 30 minutes, the Hypercall team will be going live on X Spaces for an insightful and friendly conversation covering several key market developments. During this broadcast, we plan to take a closer look at @sonic_strategy to understand the specific impacts that DATs are having on options flows. We will also spend time breaking down the SP500 trade, where we will explore how delta hedging activities on @tradexyz directly influence $HYPE. Additionally, our discussion will highlight various builder codes projects, with a special spotlight on @Scenarios_fi. To wrap up the session, we will delve into the mechanics of combo books and review the latest new assets entering the space, covering both crypto and rwas. Be sure to tune in and join our community for this valuable update.
Recently on the Hyperliquid platform, a solitary options transaction managed to capture 15% of the total SP500 trading volume. You might be curious about how this was achieved. The underlying strategy centered around a 7,730 and 7,710 put spread that carried a premium of $7,100. Over a timeframe of just 15 hours, this single position necessitated $14.8M in hedging activity. Let us break down exactly how this fascinating process unfolded.
Hypercall settlements are now officially handled by Hyperliquid. Following this integration, we are pleased to share that $SYN has also been added to the platform for trading. You can access the active spot market at any time, as it remains open around the clock every day of the week. Find the SYN/USDC trading pair right here: https://app.hyperliquid.xyz/trade/SYN/USDC
1/ Major headlines regarding a war broke late Friday evening, right after the regular market session concluded. With both the NYSE and CBOE completely shut down for the weekend, conventional investors were left with absolutely no options to adjust their portfolios until Monday morning.
One particular market participant, however, decided against waiting around. While the weekend was still underway, this individual initiated a position of $10,022 in $SPX put spreads, representing a notional value of $46.5M.
This trade was executed entirely on Hypercall. Let us dive into the details of this transaction 🧵
Whether you are interested in Calls or Puts, get ready for the HYPE. We are thrilled to unveil the new Hypercall trading rewards initiative. A special seven-day pilot program will officially launch tomorrow at 6 PM UTC. Throughout this trial period, we will be distributing a daily allocation of $1,000, which will be paid entirely in $HYPE. To ensure balanced participation, these funds are split evenly into a $500 maker pool and a $500 taker pool.