# Derive’s Seven Most-Traded HYPE Options Contracts Record $5.45 million in Notional Volume By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/50392 Published: 2026-11-06T22:28:46.000Z Updated: 2026-11-06T22:28:46.000Z Section: Investing > All seven contracts were on Derive, and the combined total covered a 24-hour period. 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. ## Links in this article - [HYPE options trading ahead of the Oct. 9 expiry](https://www.tokenpost.com/news/investing/25815)