According to The Kobeissi Letter, options trading in loss-making Russell 2000 stocks has hit roughly 6 million contracts per day, an all-time high that underscores exceptionally strong risk appetite, source: The Kobeissi Letter on X, Nov 30, 2025. Volumes have more than doubled since April and have surpassed the previous peak seen during the 2021 meme-stock mania, source: The Kobeissi Letter on X, Nov 30, 2025. By comparison, options activity in profitable stocks is only 33% as large, highlighting a tilt toward speculative exposure, source: The Kobeissi Letter on X, Nov 30, 2025. Market activity is increasingly concentrated, with the top 20% of small-cap stocks by options volume now representing 75% of small-cap options trading, source: The Kobeissi Letter on X, Nov 30, 2025. Most of this surge is attributed to retail investors chasing meme names, 0DTE options, and unprofitable firms, source: The Kobeissi Letter on X, Nov 30, 2025. For crypto traders, IMF analysis shows crypto prices have moved more in sync with equities during risk-on phases, implying that this retail-driven options speculation could coincide with higher BTC and ETH volatility, source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, Jan 11, 2022.

According to @DowdEdward, some traders are now focused on one-day expiration call options (0DTE) on Nvidia’s NVDA, highlighting short-dated speculative activity; source: @DowdEdward on X, Nov 3, 2025. He frames this as a shift from prior speculative behavior (e.g., house flipping) to 0DTE NVDA options, implying elevated risk-taking rather than providing volume, order-flow, or pricing data; source: @DowdEdward on X, Nov 3, 2025. For crypto market impact, the post offers no direct linkage or metrics, so any read-through should be treated strictly as a risk-sentiment cue rather than a data-driven signal; source: @DowdEdward on X, Nov 3, 2025.

According to The Kobeissi Letter, 0DTE (0 days to expiration) options accounted for a record ~56% of options volume in February, with the average daily volume of S&P 500 options reaching a record 3.49 million contracts. This significant spike in 0DTE trading activity was largely driven by Robinhood's expansion of access to these options, indicating a growing trend among retail investors towards high-risk, short-term trading strategies.

According to The Kobeissi Letter, 0DTE (0 days to expiration) options accounted for a record ~56% of options volume in February, with the average daily volume of S&P 500 options reaching a record 3.49 million contracts. This significant spike in 0DTE trading activity was largely driven by Robinhood's expansion of access to such trading options.

According to GreeksLive, the focus is on 0DTE (zero days to expiration) short put strategies. This approach involves selling put options that expire on the same day, which can be a high-risk, high-reward tactic in options trading. Traders engaging in this strategy should be aware of the potential for significant price movements and the necessity for precise market timing.

According to Greeks.live, there is a debate on whether to aggressively buy into or sell 0DTE (zero days to expiration) options. This indicates a potential divergence in trading strategies among market participants, which could lead to increased volatility in the options market.