Supply: Constancy
It’s even worse on SPY. The overall 30 minute pump brought about over 22K places at $397 and $398 strike to run out nugatory whilst bringing most effective 10K calls ITM.
h/t BGID_to_the_moon
Do 80+% of 0dte options expire worthless everyday? QQQ landed at nearly exactly where most calls and puts would be OTM. Pure coincidence?
