1. Congrats to the @opyn_ team for launching V2 - very exciting! I’m happy that the new V2 dashboard has a clean layout with greeks and implied vols for each respective option. It’s also a pleasant surprise to see the prices are closely in line with @DeribitExchange's options.

2. Many folks in this space use options to make directional bets on the underlying price of an asset ie: if we’re bullish or bearish we can buy a call or put respectively. Things get interesting when we move beyond simply trading the direction of where BTC or ETH is going...

3. Unlike futures, with options we can make bets on the underlying volatility of an asset. This style of trading is commonly referred to as “vol trading” which is a slightly more advanced strategy used by sophisticated retail traders and institutions such as @ledger_prime.

4. Below are a few key terms we need to understand as vol traders:
- Realized Volatility
- Implied Volatility
- Delta

5. Realized volatility (a): the historical volatility of the underlying asset throughout the life of the option. This volatility is measured during a given time period - ie: volatility over a 30 day period. Below is a plot of realized ETH vol from @GenesisVol data.