0DTE refers to option contracts that expire on the same day they are traded.
Note: 1 hour before market close, you cannot open a new position (buy to open/sell to open). The system will also cancel all unpaired open orders.
However, you can still close your current position before the market closes.
What are the characteristics of 0DTE options? Value If the option is ‘In-the-Money’ at the close of the trading day on the expiration date, the intrinsic value is the difference between the price of the underlying symbol and the option’s strike price. ‘Out-of-the-Money’ options have no intrinsic value at the end of the trading day.
Both ‘In-the-Money’ and ‘Out-of-the-Money’ options will have minimal to zero extrinsic value (time value) at the close of the trading day on the expiration date.
Risk Trading 0DTE options involves higher risks and volatility, and market moves can influence their prices more. When investing in 0DTE options, you should pay close attention to the market price, market liquidity, bid/ask spreads, transaction costs, and other factors.
What is a bullish/bearish flow in options? Each option transaction has a directional meaning for the trend of the underlying asset.
Green bars indicate a bullish flow, where there is an inflow of net premiums.
Red bars indicate a bearish flow, where there is an outflow of net premiums.
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