[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers Created: 2025-07-23 10:00:00 UTC MarketWatch: 0DTE options continue to grow now accounting for more than XX% of total daily activity for S&P XXX options according to the CBOE. While institutions certainly trade 0DTE, retail traders are responsible for a growing share of overall volume, according to Mandy Xu, head of derivatives market intelligence at Cboe. Xu said in a report published back in May estimating them at between XX% and XX% of S&P XXX 0DTE trading. “They’re selling options in a capped-risk way to generate some income,” Henry Schwartz, vice president of derivatives market intelligence at Cboe told MarketWatch during an interview last week. The share of activity in 0DTE consisting of unhedged, or “naked,” shorts was around X% of the total, Xu said. Erik Smolinski, an individual investor and founder of Outlier Trading, has traded 0DTE regularly since 2022. He uses the contracts as part of a disciplined strategy that involves harvesting option premium by selling contracts, while carefully managing his risk. “Sometimes it gives retail a bad rap, it makes it look like people are going to the casino daily, and there is definitely a group of people doing that,” he told MarketWatch. “But the reality is 0DTEs offer a solid use case for pretty much all participants.”  XXXXX engagements  **Related Topics** [neil](/topic/neil) [rating agency](/topic/rating-agency) [accounting](/topic/accounting) [$spy](/topic/$spy) [Post Link](https://x.com/neilksethi/status/1947959877583990983)
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Neil Sethi @neilksethi on x 12.4K followers
Created: 2025-07-23 10:00:00 UTC
MarketWatch: 0DTE options continue to grow now accounting for more than XX% of total daily activity for S&P XXX options according to the CBOE.
While institutions certainly trade 0DTE, retail traders are responsible for a growing share of overall volume, according to Mandy Xu, head of derivatives market intelligence at Cboe. Xu said in a report published back in May estimating them at between XX% and XX% of S&P XXX 0DTE trading.
“They’re selling options in a capped-risk way to generate some income,” Henry Schwartz, vice president of derivatives market intelligence at Cboe told MarketWatch during an interview last week. The share of activity in 0DTE consisting of unhedged, or “naked,” shorts was around X% of the total, Xu said.
Erik Smolinski, an individual investor and founder of Outlier Trading, has traded 0DTE regularly since 2022. He uses the contracts as part of a disciplined strategy that involves harvesting option premium by selling contracts, while carefully managing his risk. “Sometimes it gives retail a bad rap, it makes it look like people are going to the casino daily, and there is definitely a group of people doing that,” he told MarketWatch. “But the reality is 0DTEs offer a solid use case for pretty much all participants.”
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