Imran Lakha 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, Lakha 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. Lakha 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 Lakha on Twitter: @options_insight Farley on Twitter: @JackFarley96 Blockworks on Twitter: @Blockworks_