I'm trying to identify high volume ETFs that are traded daily. I've done multiple Google searches, but besides QQQ and SPY I haven't been able to find any. Could someone please let me know if there are any other domestic or foreign market ETFs with high liquidity that are traded daily besides these two? TIA
https://optioncharts.io/trending/most-active-etf-options ***EEM is not very active but others have very active options.
IWM - My favorite one for day trading. I thought DIA had multiple weekly's at one time, but apparently not or at least not anymore.
QQQ and SPY are the only ones (regarding US ETFs). The rest of the worlds ETFs barely have options so those are the only 2 in the world!
I think only IWM has "multiple weekly's" (i.e. 3 per week). But the OP seemingly requires 5 series per week.
I think IWM is supposed to have 0DTE options daily pretty soon. I remember the lady who runs Defiance ETFs said that they were working on a 0DTE put writing Russel 2000 ETF like their SPY & QQQ versions (JEPY & QQQY). It seems like heavily traded stocks like AAPL, TSLA, etc. should also have 0DTE options. I'm not sure why the CBOE doesn't put it out there.
Update on the Defiance Russel 2000 daily Put selling ETF. It started trading yesterday on the IWMY ticker. Looks like their strategy is to sell daily ATM/ITM puts on the Russel 2000. Still no word on when/if the 0DTEs will come out. I guess they will alternate between 0DTE & 1DTE. From the prospectus: Each day, the Fund will sell at-the-money and in-the-money puts on the Index (or on passively managed ETFs that seek to track the Index’s performance). In particular, the Fund will sell puts with near-term expirations at a range of 0% to 5% “in-the-money” (i.e., that is where the strike price is above the current value of the Index by between 0% and 5%). The Fund will receive premium income for each put sold. In addition, the strategy will provide the Fund with the opportunity to earn both time decay (described below) and, for in-the-money puts, a limited amount of upside appreciation up to the puts’ strike price (described below) plus the puts’ intrinsic value. The expiration dates at the time of purchase for the Fund’s sold puts will range from one day to a week. The Fund’s participation in potential increases in the value of the Index is based on the level of the Index at the time the Fund sells a put option contract and the Index’s level at the time of the contract’s expiration.