Hyperliquid's HYPE Options Volume Spikes Ahead of October 9 Expiry

Trading activity for Hyperliquid's HYPE token options has surged, with $3.67 million in notional value traded for the October 9, 2026 expiry. Since Deribit and Bybit launched HYPE derivatives in mid-2026, the token has seen significant volume, particularly in September, as traders position themselves around the $88 to $89 spot price range.