Yes, there are options on Ethereum! Options are a type of derivative, which means they derive their value from an underlying asset. In this case, the underlying asset is ETH.
Options contracts give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a certain time frame. There are two types of options: call options and put options.
Call options give the holder the right to buy ETH at the strike price. Put options give the holder the right to sell ETH at the strike price.
The strike price is the price at which the option can be exercised. The expiration date is the date by which the option must be exercised.
Options can be used to hedge against risk, speculate on price movements, or generate income.
There are a few different exchanges that offer options trading on ETH, including Deribit and LedgerX.