I day trade QQQ and SPY 0DTE options. Today the contracts are way more expensive then they usually are. ATM contracts for QQQ are around 3-2.5. Its usually 1-1.5. Why are they so expensive today?
I usually buy a little bit OTM. If the QQQ moves one dollar in my preferred direction, I'm usually up around 50-80%. Today I bought OTM puts and the QQQ went down about 1.50 and my contracts only increased in value by 32%. Thats about half of the profits I would usually see. Anyone know whats going on?
Will someone help me with options pricing?
byu/Hot-Pudding3664 inoptions
Posted by Hot-Pudding3664
4 Comments
Nvidia earnings after close today……
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Check out tomorrow’s options chain, it seems cheap today.
I’m not logged in right now but I bet the implied volatility is much higher – probably because NVDA earnings.