This thing called 0DTE😂

0DTE options are options with zero days until expiration, meaning they expire on the same trading day. They are also known as "zero days-to-expiration" options. These options are typically used for short-term trading strategies and speculation, and are considered high-risk. Here are some key points about 0DTE options:
▶0DTE options are listed on various underlying assets, including stocks, ETFs, and indexes.
▶They have a very short lifespan, expiring on the same trading day.
▶0DTE options are used for short-term trading strategies, such as speculation, hedging, and income generation.
▶They are considered high-risk due to their short lifespan and sensitivity to market volatility.
▶0DTE options are traded on various exchanges, including the CBOE and NASDAQ.

Here are some examples of 0DTE options strategies:
▶Zero-day options are used for one-day moves in the market using ETFs.
▶The full spectrum of options trading strategies can be applied to zero-day options.
▶Most 0DTE traders are taking a systematic approach and using well defined-risk strategies.
▶One of the most popular approaches among 0DTE traders is selling call vertical and/or put vertical spreads to capture time premium (“theta”).
▶Many traders take a balanced approach and sell vertical spreads on both sides of the market.
▶Single-leg put or call options are adjustments to existing 0DTE vertical spreads.
▶Some are trading based on their directional views, but do take note that 0DTE trading poses inherent risks, such as uncertainty and assignment.

Might also want to check out subreddit wsb as there are more experienced traders there with regards to 0DTE

Disclaimer: All the above are purely for educational purposes and are NOT financial advises, please DYOR/DD! Good~bye