Bybit Launches Perp Options on Stock Perpetuals, Starting With SpaceX and NVIDIA

Bybit launched Perp Options on September 17, 2026 at 20:00 UTC. They are options contracts written on Bybit's stock perpetual futures rather than on the shares themselves, and Bybit calls them an industry first.

First contracts

Phase 1 included two underlyings:

SPCX (SpaceX) Perp Options

NVDA (NVIDIA) Perp Options

Bybit said it would add new expiries regularly and named TSLA, QQQ, SOXL and MU as the next underlyings. A later notice added more of these contracts at the end of September.

How they work

Trading runs 24/7, including weekends, unlike listed equity options.

Each contract has a multiplier of 1, so there is no 100-share minimum.

Profit and loss settle in USDT.

The options sit in Bybit's Unified Trading Account alongside spot and futures.

Portfolio margin is available to all users, so hedged positions can need less margin.

Users can buy and sell options and trade spreads, straddles, covered calls and other strategies.

The contracts do not give ownership of the underlying shares. Options can expire worthless, and Bybit's stock-linked products are not available in some regions.