·2 min readmarket structure
Cboe added two hours. The gap is still 124.
On 19 October 2026 Cboe opened pre- and post-market sessions for 29 stock and ETF options. What that changes, what it does not, and where the hours actually went.
Blog
Market structure, how the pricing and hedging work, and the house's own numbers every week. No price calls, no lessons in how to trade.
·2 min readproduct
Options and perps in one account
A perp and the put that protects it are one risk, so they are margined as one. How portfolio margin, covered calls against the perp and the cover lock work on Iridium.
·3 min readcompany
Options on every stock, one share at a time
What Iridium is, what is live in the public test today, what is mock and what is real, and what comes next.
·2 min readtransparency
What the house will publish, every week
In this phase every option you trade is traded against the house, which hedges on Hyperliquid. Here is what that means for you, what we keep private, and the numbers we will post every week so you can hold us to it.
·3 min readpricing
Why an option on a perp, not on the stock
The forward comes from funding, time runs on a trading-session clock, and settlement is an average rather than a print. What changes when the underlying is a perpetual future.