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☆ What are zero-day options? Here's how they're taking over a key corner of the stock market and why they could pose a big risk
▼ + stars: | 2023-09-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

It's been one year since the CBOE launched zero-day options contracts and they're starting to take over the stock market. Zero-day options expire the same day they are issued and they now make up 50% of S&P 500 options activity. A new ETF has launched utilizing the options contracts, and with enough scale they could jolt the stock market in a big way. AdvertisementAdvertisementThere's a new options trading product that is taking over Wall Street, and it could ultimately pose a big risk for the stock market as it gains in scale. Defiance recently launched two ETFs that write puts via zero-day options on the S&P 500 and Nasdaq 100.

Persons: It's, —, CBOE, JPMorgan, JPMorgan's Marko Kolanovic Organizations: Service, JPMorgan, Nasdaq Locations: YOLO

☆ QQQY becomes first ETF to trade in 'zero-day-to-expiry' options
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQQQY becomes first ETF to trade in 'zero-day-to-expiry' optionsSylvia Jablonski, Defiance ETFs co-founder and CEO, joins 'Fast Money Halftime Report' to discuss the first ETF to trade zero-day-to-expiration options.

Persons: QQQY, Sylvia Jablonski

☆ This new ETF tries to squeeze income from zero-day options
▼ + stars: | 2023-09-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investment firm Defiance announced Thursday that it launched the Nasdaq-100 Enhanced Income Options Income ETF (QQQY). In the first half of this year, zero-day options accounted for 43% of all the contracts on the S & P 500 according to the report. Total daily trading volume in zero-day options topped $1 trillion earlier this year . While QQQY appears to be the first ETF focused solely on zero-day options, it is not the only put-write fund on the market. Its total return over the past five years is less than half that of the S & P 500, according to FactSet.

Persons: Defiance, Sylvia Jablonski, Cboe, QQQY Organizations: Investment, Nasdaq, CNBC Locations: Cboe

☆ New ETF looks to tap hot market for zero-day options
▼ + stars: | 2023-09-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Miami-based ETF sponsor Defiance ETFs LLC launched the Defiance Nasdaq-100 Enhanced Option Income ETF on Thursday, the first ETF to use daily options income generation, the ETF sponsor said in a press release. The ETF seeks to tap into the dual popularity of short-dated options contracts and the heightened interest in ETFs that seek to generate income through a combination of selling options and investing in U.S. large cap stocks. Investors have also flocked to ETFs that look to generate income and reduce portfolio volatility by selling options against stocks. One such ETF - the JPMorgan Equity Premium Income ETF (JEPI.P) - has grown its assets to about $29.5 billion from about $12.4 billion a year ago. Defiance ETFs is set to launch two other ETFs - the Defiance S&P 500 Enhanced Options Income ETF and Defiance R2000 Enhanced Options Income ETF , which will employ a similar strategy with exposure to the S&P 500 (.SPX) and the Russell 2000 Indexes (.RUT), respectively.

Persons: Sylvia Jablonski, QQQY, Lois Gregson, Gregson, Russell, Seth Golden, Golden, Saqib Iqbal Ahmed, Richard Chang, Ira Iosebashvili, Daniel Wallis Organizations: Defiance, Investors, JPMorgan, FactSet Research Systems, Finom, Thomson Locations: Miami

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