Last week, I was trying to evaluate a crypto option but found myself confused by how the price was set compared to just buying the crypto outright. I heard that implied volatility plays a huge role in pricing these options, which seems different from normal spot trading. Has anyone actually used implied volatility to figure out whether an option is fairly priced? I’m wondering if it’s practical for a regular trader or if it’s mostly for pros with fancy models. Also, does it help avoid just guessing on which direction the price will move? I’m interested in hearing some real experiences with using IV to price crypto options in daily trading.