I was just interviewed by a magazine about this and here were my points: These options are not going to cause volmageddon: The market maker counter parties can adjust prices to manage risk. These options are not like the contracts that caused problems. It is not gambling any more than other options. We have customers doing serious research using our intraday data. Eventually, we will have hour by hour expirations and that will be a good thing. What is beneficial about options is the price and risk discovery they provide. Intraday announcements can be priced and hedged.
Except for a couple of the posters in this thread (who are very knowledgeable) the others should be given a 1 week ban from posting on the options board. The sheer level of naiveness and ignorance displayed is unforgiveable. Ken - i respect you dude, but pls.....stay away from options. Theyll destroy your account before you can say "Hey, they have options on inverses!"
Is that what you do with 0DTE Options, get in OTM????? What does that have to do with what I said?????
of my event contracts trading? I am optimistic. I've experimented with a lot of different ideas with these since last October. Some hits and some misses. But since Jan I've been doing a thing which I think will be profitable going forward. Here's my actual daily equity curve for this strat on event contracts: I have other methods I want to forward test as well in another account. Will post equity curves in the future if interested.
You and several others should read a basic primer/book on options.. It doesn't appear that most of the posters understand intrinsic vs extrinsic value.. You in particular are a bit confused with DTE and time value
So now I should read a book, is that all you have?????? I'm not confused at all. The only thing that I don't understand is why you are picking apart my post when what I said was accurate. This thread is about 0DTE (ZERO DTE) so why don't you contribute something relevant to the actual topic.