In a Crypto Context, How Does High Volatility Influence the Selection of an Options Expiration Date for Hedging?

High crypto volatility increases the extrinsic value of all options, making the hedge more expensive. It also increases the probability of extreme price movements.

With high volatility, shorter-dated options might be preferred to reduce the total premium cost, but this increases roll risk. Conversely, longer-dated options provide protection through a full volatile cycle but at a much higher initial cost.