If there were options on BTCUSD, it would open up a whole world of possibilities, you could profit when the market moves without the need to predict the direction, or profit from expected volatility changes... its a whole new world, but that's in the distant future I guess.
Simple solution - get money on exchange, start a bot that would trade volatility, profit. I do that, many people do that, and it pays well from all the price running there and back. Also helps stabilize the price it a little, of course there has got to be much more of that to make it stable enough.