In Options Trading, What Is the Equivalent Concept to Double-Spending in Terms of Contract Validity?

The closest equivalent to double-spending in options trading is a fraudulent action related to the contract's underlying asset or collateral, such as a seller not owning the asset they are obligated to deliver (naked shorting) or the counterparty failing to honor the contract terms. However, due to centralized clearing houses and strict regulation, the fundamental validity of the contract itself is guaranteed, unlike a blockchain transaction before finality.