Are 0DTE (Zero Days to Expiration) options a retail revolution or a "gamma circus"? In this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into the explosion of short-dated equity options and what they mean for your portfolio.

From the surge in volume for Tesla and Nvidia to the rise of intraday dispersion trading, the "drill instructors" break down the data and the drama behind the newest craze in the options market.

• 0DTE Data Crunch: We analyze the massive flow in new single-name daily expirations. Is 35% of Tesla's volume really concentrated in one-day options?

• Intraday Dispersion: How retail traders are now using 0DTE equity options against index products—and if this marks a new level of market sophistication.

• The "Crack" Comparison: We share listener feedback on the 0DTE movement, including those who equate it to high-risk habits and those waiting for the "gamma circus" to leave town.

• Strategy Revamp: Is it time to redo every option strategy through a 0DTE lens? We discuss the viability of daily iron condors and 0DTE butterflies.

• Digital Gold vs. Bitcoin: A deep dive into whether Bitcoin actually serves as a "digital gold" or if the correlation is a myth.

• Strike Selection: Dan explains the best ways to set your strikes for covered calls and cash-secured puts depending on whether you want to "skate" or get assigned.

"Liquidity begets liquidity. People will spread in and out, and the net volume is only going up from here." — Dan Passarelli

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In this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive into the high-velocity world of single-name zero-days-to-expiration (0DTE) options. With Monday and Wednesday expiries now live for heavy hitters like Tesla ($TSLA) and Nvidia ($NVDA), the "Drill Instructors" break down the massive trading volume shifts and the potential risks of contra-exercise in American-style options.

• The 0DTE Surge: A data-driven look at how much volume is flooding into the new weekly expiries. Are brokers ready for the added risk?

• The "Retail Prop Firm" Red Flag: A listener asks if those flashy inbox offers to "bankroll your trading" are legit. Dan and Mark weigh in on why you might want to follow Geena Davis's advice in The Fly: "Run. Run away!"

• Commodity Chaos: A check-in on the silver squeeze and Bitcoin's race to the next big psychological level.

• IRA Restrictions: Why some brokers limit you to "Level 1" options in retirement accounts and the frustration of synthetic risk equivalence.

• Pro Trading Crate: We announce the latest winner for our bespoke pro-member giveaway!

• Volume Watch: Discover why nearly 50% of top strikes in names like Nvidia are now concentrated in contracts with just 24 hours to live.

• Scam Alert: Learn the hallmarks of "prop firm" scams—if you have to pony up your own cash to access their "capital," it's time to walk away.

• Educational Deep Dive: Understanding the difference between cash-settled and physically settled options in the 0DTE era.

"If you have to pony up any money for a prop deal, stay the hell away from it. Real firms don't cold-email prospects for cash." — Mark Longo

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To open an account and see why Investopedia named them the best broker for options in 2024, visit https:// tastytrade.com/podcasts.

This episode of Options Boot Camp dives into one of the most significant shifts in the equity markets: the arrival of 0DTE (Zero Days to Expiration) options for single stocks like Nvidia, Tesla, and Apple. While the excitement is high, hosts Mark Longo and Dan Passarelli highlight a critical technical risk that many retail traders overlook—Contra-Exercise.

The "0DTE era" has officially expanded beyond cash-settled indices like the SPX. With single-name equity options now listing for Mondays, Wednesdays, and Fridays, traders face a new logistical hurdle: physical settlement. Unlike cash-settled indices, equity options result in the delivery of actual stock, making the after-hours window a potential minefield for "pin risk" and unexpected assignments.

• The 0DTE Expansion: Why names like IBIT, NVDA, and TSLA are joining the zero-day fray and what it means for market volatility.

• Understanding Contra-Exercise: The mechanics of the "Do Not Exercise" (DNE) order and how to force the exercise of out-of-the-money options.

• The After-Hours Window: Why the 4:00 PM ET close isn't the end of your risk, and how news after the bell can trigger "ghost" assignments.

• Broker Deadlines: A breakdown of how different brokers handle the cutoff times for contra-instructions.

• Risk Management: Why the "best case scenario" is almost always closing your position before the closing bell.

Go to tastytrade.com/podcasts and see why Investopedia named tastytrade the best broker for options in 2024. Genius loves company.