Investors See Uses For 0DTE Options Outside Directional Trades, Cboe Says

Cboe officials said that the balance between calls and puts for zero days to expiration options shows that these contracts have other use cases outside of being a directional tool for investors. Mandy Xu, head of derivatives market intelligence at Cboe Global Markets, said the put/call ratio of 0DTE options is not an indicator investors should use to determine sentiment or positioning in terms of the broader market.