The vol of bitcoin is way higher than 11.

>To clarify: by this, Taleb means simply that there are no options on bitcoin (there aren't any, right?)

This is what he said. "Very big point. Futures that don't have deliverables require a very, very deep market. Otherwise someone long the future can push prices higher at settlement time with impunity, by "locking" profits (never having to resell a deliverable)." (https://twitter.com/nntaleb/status/939852491130396673?ref_sr...)