0DTE option trading is more complex than stock ... happens to be the most prevalent area of opportunity for sellers: theta decay. Theta decay is a persistent, mathematical force in option pricing ...

Time value led drop in option premium is not a new thing to anyone. This is most popularly known as Theta Decay. Naturally Option Premium keep reducing in value with the passage of time.

SPYT and XDTE ETFs write 0DTE calls on the S&P 500, but SPYT uses call spreads, while XDTE uses slightly OTM calls. Read why I remain cautious on both ETFs.

The gamble? Publicly traded single-stock options aren’t available on a daily basis, meaning 0DTE bets can currently only occur on a Friday when weekly, monthly and quarterly contracts expire.