The SEC has approved options on a spot $BTC ETF on the New York Stock Exchange (NYSE) and CBOE (Chicago Board Options Exchange)

What does this mean for retails in simple words?) 

The approval of options on the Bitcoin spot ETF tells us that investors and its important BIG traditional investors now have another tool to trade $BTC, making the market more flexible + increasing liquidity an attracting more participants to the market.  #BTC☀