New data shows $1 trillion in 0DTE options traded per day. 0DTE
stands for “0 days to expiration” options which are very risky. The
entire Nasdaq sees $200 billion in daily volume. We now see 5x the
Nasdaq’s daily volume in 0DTE options. Has the stock market become
a casino?
A lot of people seem to think that ODTE's have been mainly a
retail thing, but I've seen in multiple places people talking about
how there's more of the larger players vs retail that are the ones
that are utilizing it more. So factoring that in, I've wondered
what that could mean for the market.
Kobeissi Letter (Interesing Stats)
Posted by steve on 5th of Mar 2023 at 01:45 pm
New data shows $1 trillion in 0DTE options traded per day. 0DTE stands for “0 days to expiration” options which are very risky. The entire Nasdaq sees $200 billion in daily volume. We now see 5x the Nasdaq’s daily volume in 0DTE options. Has the stock market become a casino?
Is that a "tongue in
Posted by vasiboy on 5th of Mar 2023 at 02:48 pm
Is that a "tongue in cheek" comment Steve? The stock market has been a casino since the tulip bubble mania. LOL
Not my words but what
Posted by steve on 5th of Mar 2023 at 02:55 pm
Not my words but what he's referencing (correctly so) is how trading in options has shifted to ODTE - that has not been the case prior.
Soon BPT will get a
Posted by vasiboy on 5th of Mar 2023 at 04:55 pm
Soon BPT will get a tap on the shoulder and be asked to leave the premises, because the systems will be considered “card counting” :)
A lot of people seem
Posted by focus175 on 5th of Mar 2023 at 03:07 pm
A lot of people seem to think that ODTE's have been mainly a retail thing, but I've seen in multiple places people talking about how there's more of the larger players vs retail that are the ones that are utilizing it more. So factoring that in, I've wondered what that could mean for the market.
Definitely more larger players
Posted by steve on 6th of Mar 2023 at 07:37 am
Definitely more larger players