Bybit has expanded its Perp Options lineup to eight underlyings by adding Tesla, Invesco QQQ, Direxion Semiconductor Bull 3X ETF (SOXL), Micron Technology, SK Hynix and Sandisk to SpaceX and Nvidia. The product launched on Sept. 17, 2026. A trading challenge running through Oct. 27 offers two reward tracks totaling up to 70,000 USDT: 5,000 USDT for the first 1,000 qualifying users to complete a first trade and up to 65,000 USDT for the top 50 traders by individual volume. The contracts are synthetic instruments based on Bybit's own stock-linked perpetual contracts rather than actual shares or options listed on a regulated exchange. They trade 24/7, settle in USDT under European-style terms, support fractional lot sizes, naked options, combo strategies, and portfolio and cross-margin functions through Bybit's Unified Trading Account.