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Try to hike up till the top amazing view search for the opening that the smoke of the dead volcano come out from it is very safe and worth the trip also swim to the hot spring better to rent life jacket for that if umyou are not a good swimmer
If you are at a loose end and want to spend a half day doing something different it is worth taking the cable car down to the port and going on an excursion to the hot (warm) springs and the volcano. Only suitable for those who are mobile.
If you go to the hot springs then wear a dark colored swimsuit. The mud/clay in the water will stain light colored clothing. You will also have to swim from the boat to the hot springs so if you are a poor swimmer then you may want to bring some type of flotation device.
3 hour tour, 20 euros, 30 minutes to swim by the 'warm' spring in a volcanic cove, and an interesting volcano walking tour, including steam vents and geologic overview (different color lavas from adjacent volcanoes). Great vistas of the caldera.