The March 312 incident seems like something from the last century now. Back then, implied volatility soared as high as 500%, and what limited that implied volatility wasn't market conditions but exchange rules.
Six years have passed, and the options market has become very mature. It's no longer the wild west era of those days, and implied volatility has been maintained below 60% long-term, far from the market conditions of over 100% back then.
However, the options market has grown from trading volumes of hundreds of millions of dollars per day back then to tens of billions of dollars per day today, achieving over tenfold growth and becoming an investment product that has entered mainstream investment horizons.
I believe that in the future, whether it's cryptocurrency or the options market, there still exists tenfold potential. The current market penetration rate still has enormous room for growth.
The March 312 incident seems like something from the last century now. Back then, implied volatility soared as high as 500%, and what limited that implied volatility wasn't market conditions but exchange rules.
Six years have passed, and the options market has become very mature. It's no longer the wild west era of those days, and implied volatility has been maintained below 60% long-term, far from the market conditions of over 100% back then.
However, the options market has grown from trading volumes of hundreds of millions of dollars per day back then to tens of billions of dollars per day today, achieving over tenfold growth and becoming an investment product that has entered mainstream investment horizons.
I believe that in the future, whether it's cryptocurrency or the options market, there still exists tenfold potential. The current market penetration rate still has enormous room for growth.