Zero DTE (0DTE) options are traded in high volumes and can influence where the S&P 500 Index closes. In this episode, our guests explain how 0DTE options work, how negative gamma in both the Volatility Index and the S&P 500 can contribute to intraday moves, and why options-selling strategies continue to attract attention.

We dig into dealer hedging, gamma exposure, and volatility dynamics to better understand how these factors may shape price action.

In this episode

• How 0DTE options actually work, and why volume alone moves the tape
• Negative gamma in the VIX and the S&P 500, and its role in intraday swings
• Dealer hedging and gamma exposure explained in practical terms
• Why options-selling strategies keep drawing attention, and the risks that come with them

Futures trading involves significant risk and is not suitable for everyone.