Paywall Lead Stories Traders Swarmed 24-Hour Options As Nasdaq Skyrocketed Gunjan Banerji - WSJ Nineteen out of 20 of the most actively-traded options contracts in the U.S. market yesterday were set to expire within a day. Many of these were tied to an S&P 500 ETF, Tesla or Amazon shares, according to Cboe Global Markets data. The heavy activity shows how activity in the shortest-dated options contracts is exploding, with many traders rushing to ride the market momentum or hedge their positions. /jlne.ws/3A9TG0S
I don't know why Mr Banerji thinks this is news. Pros have concentrated on the nearest expiration for decades.