HYPE options activity surges ahead of October 9 expiry
- —Four contracts tied to the October 9 expiry traded $3.67 million in notional
- —Deribit HYPE options turnover since August 9 reached $5 million across 26,820 trades
- —September turnover hit $2.9 million, with a single-day record of $540.6K on September 25
- —Open interest for the October 30 expiry cluster stands at about 1.5 million contracts
Why it matters: The growing HYPE options market on Deribit and Bybit signals a maturing derivatives infrastructure around the token.
Source: Crypto Briefing
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