Zero-Delta DTE Options Are More Like Stocks Than Anything Else

Dean Conceited: There's a lot of talk about how these options may be adding to the fragility of the market. He says there's just no definitive indication that there is some either vastly long or short vol base built up through zero-delt DTE options. The arguments for volamogatin 2.0 for zero-dTE, they're just very weak, he says. But his bigger question is why the experience that these short vol funds had in 2020 was a wipeout? And so what we've got to convince ourselves is that folks have literally wiped off their losses and said, "We're going to start selling options for risk premium generation purposes"