STRIKEJoin waitlist

Options on every market, every hour.

Strike is an options exchange that never closes. Trade calls and puts on US stocks, indices, pre-IPO companies, GPU compute and crypto from one self-custodied account.

Join WaitlistRead the docs
Underlyings
76
Always open
24/7
Daily expiry
20:00 ET
Fractional contracts for every size
0.0…01
NVIDIA$182.28
S&P 500$7,342.80
OpenAI$1,337.55
NVIDIA H100$3.53/GPU-hr
Bitcoin$74,379.50
Tesla$353.70
Anthropic$1,579.00
Tech 100$26,746.00
SpaceX$134.04
Apple$340.46
NVIDIA B200$9.87/GPU-hr
Ethereum$2,122.85
Strategy$124.25
Cerebras$88.59
Semiconductor ETF$458.09
Palantir$158.95
NVIDIA H200$7.00/GPU-hr
Solana$85.92
TSMC$374.35
Meta Platforms$606.74

Listed options are closed 81% of the week.

Earnings land after the close. Asia trades while New York sleeps. Weekend headlines gap Monday's open. On a conventional venue you find out at 9:30. On Strike the book is open, so you can hedge when the news breaks.

US listed options32.5 h / week
Strike168 h / week
MonTueWedThuFriSatSun

Strike is open.

Stocks, indices, private companies, GPUs and crypto. One venue.

Every underlying lists a daily expiry at 20:00 ET plus weeklies and monthlies. Everything is European and cash-settled in USD.

US and Asian megacaps and single names, quoted through the weekend and overnight.

All underlyings

The terminal, rebuilt for options.

The same engine runs the Strike terminal today, with sub-microsecond matching. The order book gives way to the chain, and the ticket learns spreads, straddles and condors.

The Strike options terminal: an XYZ100 candlestick chart, the options chain for the next expiry with calls and puts around the money, and a long-call ticket with its payoff at settlement.

Underlyings nobody else lists. An engine built for them.

Orders match in under a microsecond. The engine is built for 2 million signed orders and 50 million quote updates a second.

  • Pre-IPO underlyings

    Take a view on OpenAI or Anthropic before they list. Options cash-settle against a marked reference price, so no private shares ever change hands.

    OAI · ANTH

  • Compute as an asset

    Options on H100, H200 and B200 rental rates in dollars per GPU-hour. Labs can cap a training bill. Capacity owners can sell upside they would never capture.

    Settles to the Ornn published index

  • An expiry every day

    Every underlying lists a 20:00 ET expiry daily, plus weeklies and monthlies. Trade the earnings call or the CPI print, not the month wrapped around it.

    DST-aware · European style

  • One margin account

    A put on NVDA, a call on BTC and a spread on H100 sit in the same account and net against each other. No sub-accounts, no moving collateral between venues.

    USD collateral · multiplier 1.0

  • A plain fee schedule

    Takers pay 40 bps of premium, makers 10 bps. At settlement only the winning side pays 50 bps of intrinsic. The schedule is committed on the ledger.

    Zero during closed beta

No key at Strike can move your money.

The vault has no operator role. It only accepts a new state with a zero-knowledge proof over the public ledger, co-signed by attesters who replayed it. Claiming a proven withdrawal needs nobody's permission.

Read the custody model

Proven on every state update

  • Balances seeded only by the vault’s own deposits
  • Cash conserved across every state transition
  • Every withdrawal covered and signed by its owner
  • Every fill traced to the account’s own signature

The book never closes.

Strike is in closed beta. Join the waitlist for the terminal.

Join WaitlistAPI reference