Retail risk appetite is at record levels:
0DTE options contracts now account for a record 48% of total retail options volume.
This percentage has more than TRIPLED over the last 5 years.
Furthermore, 0DTE options reflected a record 30% of total US options volume in May.
By comparison, the 2022 high was ~18% while the average over the last 5 years is ~21%.
As a result, the average options contract now expires in under 3 days.
Retail demand for short-term options has never been higher.
