Hyperliquid Strategies Inc began options trading on its common stock on the Nasdaq Options Market under the PURR ticker, marking its first derivatives offering. This launch aims to enhance liquidity and improve price discovery by allowing market participants to trade calls and puts on PURR shares.

The new options facilitate hedging of existing positions, enable directional strategies, and support sophisticated positions across strike prices and expiries, providing institutional and retail investors with more flexibility to capitalize on market movements.

The launch coincides with Hyperliquid’s accelerated Real-World Asset adoption and record oil perpetuals volume, positioning PURR derivatives as a tool to navigate price fluctuations driven by the blockchain’s growing financial ecosystem.