ETF industry launches zero-day options product
Once again, the rising stars of the ETF industry have rolled the dice on new products, this time betting on the expansion of the game-changing Wall Street zero-day options (0DTE) boom. Tuttle Capital Management, an innovation leader in the exchange-traded fund (ETF) industry, has launched a new product again, this time betting on products related to Wall Street doomsday options (0DTE). The products will trade derivatives of popular companies that are popular with retail investors, such as Nvidia (NVDA.US), Tesla (TSLA.US), MicroStrategy (MSTR.US) and others. Currently, there are no products such as zero-day options or doomsday options for publicly traded single stock options, which means that real zero-day options or doomsday options bets can only be made on the Friday when the option contract expires. Matt Tuttle believes it is only a matter of time before zero-day options or doomsday options for individual stocks arrive. He said: "Whether it's three months from now, six months from now, or two years from now, I don't know. My thinking is that if I really believe this will happen, I want to be among the first to participate." The ETFs will trade so-called Flex options-options that allow users to set terms such as exercise prices and expiration dates and roll daily and are customized contracts. If the U.S. Securities and Exchange Commission (SEC) doesn't object, such new ETFs may be launched in the first half of this year.