What Is the Concept of “Vega” in Options and How Does It Relate to Hardware Price Swings?

Vega is one of the "Greeks" in options trading, measuring the sensitivity of an option's price to a 1% change in the underlying asset's implied volatility. A high Vega means the option price is highly sensitive to changes in market expectations of future volatility.

This relates to hardware price swings because the secondary market price of an ASIC is highly sensitive to the expected future profitability, which is directly linked to the cryptocurrency's price volatility.

Which Option Greek Measures Sensitivity to Implied Volatility?
What Is a ‘Greeks’ Parameter That Is Most Sensitive to Changes in Implied Volatility?
How Does the VIX Index Relate to Crypto Implied Volatility?
Explain the Relationship between Implied Volatility and Options Pricing (Vega)
Define “Vega” and How It Differs from Theta in Weekly Options
How Is the Concept of “Implied Volatility” Analogous to Network Congestion in RBF?
What Are ‘Vega’ and ‘Gamma’ and How Do They Relate to Options Positions during a high-IV Event?
What Is the ‘Greeks’ Framework and How Is ‘Vega’ Relevant to Crypto Options Volatility?

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