Had a chat tonight with a good friend who's been in the options game for a long time. I asked him about any good strategies for options trading recently. He shared a strategy he's currently using: options arbitrage across exchanges. Basically, it involves using the options Mark price on @Deribit as the benchmark, then looking for Bid/Ask prices on other exchanges that deviate significantly. Once a trade is executed, you lock in the Delta with futures to ensure limited overall Delta exposure. On all platforms, you maintain minimal exposure to the Greeks. Sometimes, you can even profit by taking both sides of the trade, earning tens of dollars per trade—kind of like the early days of futures and spot arbitrage. He's mainly doing this on OKX @okxchinese and Bybit @Bybit_ZH. Some smaller platforms like Coincall @CoincallCN and Derive @DeriveXYZ_CN also offer opportunities to make some profits through order placement.