Bybit has expanded its Perp Options lineup to eight underlying tickers less than two weeks after the product debuted, adding Tesla, Invesco QQQ ETF, Direxion Semiconductor Bull 3X ETF (SOXL), Micron Technology, SK Hynix and Sandisk to the initial SpaceX and Nvidia contracts that went live on September 17, 2026.
The exchange also launched the Wall Street Blue-Chip Options Challenge, which runs through October 27, 2026 and offers up to 70,000 USDT in rewards. A 5,000 USDT pool pays 5 USDT each to the first 1,000 qualifying users who place their first valid Perp Options trade, while a second pool of up to 65,000 USDT is unlocked in tiers based on collective trading volume and distributed among the top 50 traders ranked by individual volume. New users can potentially claim from both pools.
Bybit's Perp Options are built on top of its TradFi Perpetuals rather than actual shares or regulated options exchanges. The contracts trade 24/7, including weekends, use European-style settlement with no early assignment, settle in USDT, and support fractional lot sizes, naked options and combo strategies through Bybit's Unified Trading Account. Users select a ticker under the TradFi tab, choose an expiry and strike price, and buy or sell calls or puts.
The expanded lineup is heavily weighted toward semiconductor and memory names. SK Hynix's American depositary shares began trading on Nasdaq under the ticker SKHY on July 10, while SOXL is already a 3x daily-leveraged ETF before Bybit's options contract adds another layer of leverage. Bybit has also warned that liquidity can thin and spreads can widen when trading continues outside the referenced stocks' regular market hours. The push is part of a broader trend: Coinbase, Kraken and Robinhood have also been moving toward round-the-clock equity access through tokenized shares or extended-hours trading.
