2021 has been an excellent year for crypto trading. The pie has been increasing so fast that all types of exchanges — centralized and decentralized, spot and derivatives, have seen an enormous increase in volumes. The year also witnessed a rise in options usage in the crypto space, both off- and on-chain, with on-chain options finding a product-market fit mainly in short volatility yield farming strategies introduced to the market by Ribbon. This article aims to give an introduction to option...