
EXPLOSIVE GROWTH IN ZERO-DAY OPTIONS MAKE IT DIFFICULT FOR STOCK MARKET BEARS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Zero-Day Options Explosive Growth Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that on Thursday and Friday, the market closed well above the low of the day. The primary reason was aggressive buying of zero-day call options. Zero-day options expire the same day. Zero-day options are seeing explosive growth. By some estimates, they are reaching a notional value of $1 trillion. In The Arora Report analysis,