【半分が当日満期、オプション市場が危険水域へ】 オプション市場の「短期化」が止まらない。 0DTE(当日満期)の比率が急上昇し、米国市場の姿を大きく変えつつある。 ナスダックでは0DTEオプションが取引全体の75%を占め、 わずか3年でシェアは3倍に拡大。 S&P500でも65%と、いずれも史上最高水準だ。 市場は超短期志向に偏り、ボラティリティの急変リスクが急拡大。 「前例のないリスク集中」こそ、いまの相場を映す言葉だと思う。
Shocking stat of the day: 0DTE options now reflect a record 75% of the Nasdaq's total options volume. This percentage has TRIPLED over the last 3 years. Furthermore, 0DTE activity in the S&P 500 hit an all-time high, at 65%. Across the 13 most popular tickers, nearly $2 trillion of notional value has been traded PER DAY in 0DTE options so far in 2025. For perspective, total US options notional volume averages ~$4 trillion per day. Investors are taking on unprecedented levels of risk.
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