All About 0DTE Options


Try SpotGamma HIRO Indicator for Free

Real-time options data

See when options drive stocks

0DTE filter for short-term trades

Subscribe to the industry's #1 platform delivering daily expert analysis to unveil: 

Proprietary market levels

Bullish or bearish stocks

Hidden trading risks

spotgamma-0dte-options-analysis

Key Takeaways - What are 0DTE Options?

0DTE is a term used to describe options which expire in a very short amount of time.
The SPX, SPY, & QQQ have daily options expirations, and so 0DTE generally refer to the options which expire that same trading day.
In large single stocks like TSLA, AAPL, or GME, 0DTE generally refers to the next available Friday expiration. This is because single stocks do not have daily expirations listed, but instead have options that expire each Friday.

How much options volume is 0DTE?

Below is an up to date chart which displays the percentage of options volume that is 0DTE across the SPX, SPY, QQQ and NDX.

Access today's Founder's Note for FREE!

Expert commentary packed with proprietary key levels, major support and resistance targets, and market analysis on major 0DTE news.

By subscribing, you agree with our Privacy Policy and provide consent to receive updates from our company.

How Can You Monitor 0DTE Options Trading?

SpotGamma HIRO allows traders to monitor 0DTE, short dated options trading in real time. HIRO reveals exactly when and where our models detect large 0DTE options activity.

0DTE options volume is impactful because it has a high level gamma. Gamma is a way of measuring an options sensitivity to underlying price moves. Gamma can also be seen as a way to measure options market maker hedging requirements. As the price of the underlying stock shifts, some 0DTE options may have rapid, exponential changes in price. When this occurs, these options may require larger hedging flows which may result in market makers buying, or selling, large shares of stock.

What are the risks of 0DTE Options Trading?

SpotGamma detailed the risks of 0DTE back in October of 2022, after we noticed that large, 0DTE call volume was driving markets higher, discussed in depth in the video below.

SpotGamma 0DTE Analysis Featured in Major Media

SpotGamma has been a leader in 0DTE, short dated options volume analysis. We have been quoted on the topic in such publications as the Wall Street Journal, Bloomberg, Reuters and MarketWatch.

If you're in the Media looking for 0DTE commentary or analysis, please get in touch with us at media@spotgamma.com.

Learn More About 0DTE with SpotGamma

Below is the most up-to-date content and analysis published by SpotGamma regarding 0DTE.

Access today's Founder's Note for FREE!

Expert commentary packed with proprietary key levels, major support and resistance targets, and market analysis.

By subscribing, you agree with our Privacy Policy and provide consent to receive updates from our company.

Subscribe to the industry's #1 platform delivering daily expert analysis to unveil: 

Proprietary market levels

Bullish or bearish stocks

Hidden trading risks

GET TODAY'S SPOTGAMMA REPORT
JUST ENTER YOUR EMAIL BELOW AND YOU'LL GET ACCESS TO TODAY'S SPOTGAMMA REPORT AT NO CHARGE
FOR FREE!
New Arrivals
SPRING SALE
SAVE 35% ON YOUR FIRST MONTH OR FIRST YEAR WITH ANY NEW SUBSCRIPTION!
New Arrivals
an important announcement for a greater purpose
Join us for this free event where some of the top minds in finance will be gathering for our Charity Day, in partnership with Susan G. Komen in their ongoing mission to cure breast cancer.
April 30th | Virtual Event
New Arrivals
an important announcement for a greater purpose
Grab out our free report now, covering what you need to know ahead of today's OPEX + NVDA earnings!
May 2024 | OPEX Report