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.