Everyone’s talking about options flows and how same day (0DTE) trading is impacting market prices. While options flows do not drive stocks *all* of the time, there are critical moments when these flows directly influence stock prices. For 0DTE in particular, it’s the buildup of Delta that can move markets.
In September 2023, the CBOE issued an article titled, “Much Ado About 0DTEs: Separating Fact From Fiction,” outlining their view that 0DTE options are causing “de minimus” impact to equity markets.
In this video, we lay out our analysis around the important impact of 0DTE options. At SpotGamma, we believe tracking these Deltas is vital for active traders and our proprietary HIRO product can be your trading edge, as it shows when these flows may be affecting stocks and futures in real-time.
Here is SpotGamma’s response to this paper, with both the CBOE paper, and our slide deck posted below.
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