Derive’s Seven Most-Traded HYPE Options Contracts Record $5.45 million in Notional Volume
Photo: TokenPost
The seven most-traded options contracts tied to Hyperliquid’s HYPE token were all on Derive, with a combined $5.45 million in notional volume over 24 hours. Derive specializes in cryptocurrency derivatives, including options. The volume figure does not show whether traders were speculating on HYPE’s price or hedging existing exposure. The activity follows earlier HYPE options trading ahead of the Oct. 9 expiry , which also noted that trading activity alone does not reveal traders’ positions. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
