Zero-Day Options (ODTE) Seen Driving Stock Market’s Intraday Swings
The craze for fast-expiring options is ramping to unprecedented heights in a stock market that has lately been given to severe intraday moves. It’s probably not a coincidence. About 1.86 million so-called zero-day contracts — those tied to S&P 500 with a maturity less than 24 hours — changed hands on Thursday, making up a … Read more
