> For clean Markdown of any page, append .md to the page URL.
> For a complete documentation index, see https://docs.paradex.trade/llms.txt.
> For AI client integration (Claude Code, Cursor, etc.), connect to the MCP server at https://docs.paradex.trade/_mcp/server.

# HYPE options configuration

The reference configuration for the HYPE Dated Options contract:

| Parameter            | Value                                |
| -------------------- | ------------------------------------ |
| Product type         | Dated European Option                |
| Symbol format        | HYPE-USD-\{Expiry}-\{Strike}-\{Type} |
| Base currency        | HYPE                                 |
| Quote currency       | USD                                  |
| Settlement currency  | USDC                                 |
| Price tick size      | 0.001 USD                            |
| Order size increment | 1 HYPE                               |
| Minimum order value  | 20 USD                               |
| Maximum order size   | 10,000 HYPE                          |
| Maximum open orders  | 150                                  |
| Position limit       | 100,000 HYPE                         |
| Spot band factor     | 50%                                  |
| IV band factor       | 50%                                  |

## Margin Configuration

* [Cross Margin Requirements](/trading/dated-options/margin-requirements) — cross-margin IMR/MMR parameters for trading options
* [Portfolio Margin](/risk/portfolio-margin) — portfolio-level risk evaluation for reduced margin on hedged portfolios