Zero-Day Options Boom Is Spilling Into $7.4 Trillion ETF Market
- Defiance to launch active ETF that taps into 0DTE craze
- Fund is first in the industry to employ the hot trading tool
This year’s hottest options trade has found its way into the $7.4 trillion ETF arena for the first time, in the latest push by the financial industry to tap booming demand for stock investments with an income stream.
Defiance ETFs is launching a fund on Thursday that sells ultra short-dated options on the Nasdaq 100 as part of its strategy. The product will be the first in the market to utilize so-called zero-day-to-expiration contracts, or 0DTE, as part of its design.