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How many spy positions are there in option Alpha 0dte trading?

There were 11,204 SPY positions (~22,000 trades), making up 88% of the total 0DTE trading volume in Option Alpha’s automated trading platform. Traders used 50 additional tickers in their 0DTE trades, primarily with Friday expirations. SPY was the only ticker with more than 1,000 positions during the period studied.

What are 0dte options?

0DTE options, also known as "Zero Days to Expiration" options or "same-day expiration" options, are a specific type of financial derivative that expires on the same day they are traded. Unlike traditional options that have a longer expiration period, 0DTE options have an extremely short lifespan, typically lasting only a few hours or minutes.

Should I trade spy 0 DTE?

My advice is don't trade SPY 0 DTE at all. Trade SPX or XSP. For someone just starting to try 0dte would highly highly recommend xsp instead of spx. Unless you have lots of money to burn. Especially if your picking the wrong side all the time

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