Imran Lahka and Ming Zhao join Jack Farley to make sense of how the proliferation of options has changed the investing landscape in tradfi and crypto. After discussing the role of memestocks like GameStop and AMC, as well as structural vol selling call overwriting, Lahka and Zhao share the dos and don’ts of buying and selling options, such as why investors should never exercise options, and how investors should think about whether implied volatility is rich or cheap. Lahka and Zhao also catalog the explosion of crypto options, both via centralized exchanges such as Deribit as well as the emergence of DeFi Options Vaults (DOVs).

Zhao on Twitter: @FabiusMercurius
Lahka on Twitter: @options_insight
Farley on Twitter: @JackFarley96
Blockworks on Twitter: @Blockworks_

Timestamps
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00:00 Introduction
01:28 The History Of Options
08:17 GameStop and AMC
12:14 The Dos and Don't of Trading Options
25:30 Exiting Options Positions
32:27 Crypto Options
42:10 DeFi Options Vaults
45:17 Compression Of Crypto Volatility
48:12 How Are Crypto Spot Prices Impacted By Crush of Crypto Implied Volatility?
52:02 Sell-Off In Unprofitable Growth Stocks