According to @KobeissiLetter, retail risk appetite is breaking records as 0DTE options have averaged about 65% of total S&P 500 options volume so far in Q3 2025, marking an all-time high. According to @KobeissiLetter, this 0DTE share has more than doubled since the 2022 bear market, underscoring a major shift toward very short-dated exposure. According to @KobeissiLetter, a new daily record was set on Thursday with 0DTE reaching 69% of S&P 500 options volume. Based on @KobeissiLetter's data, crypto traders may closely track U.S. equity cash hours for potential cross-asset volatility in BTC and ETH and may tighten intraday risk controls around options-driven flows.

According to @KobeissiLetter, 0DTE options have averaged about 65% of total S&P 500 options volume so far in Q3 2025, marking an all-time high and indicating record retail risk-taking in ultra-short-dated contracts, source: @KobeissiLetter, Aug 23, 2025. The share has more than doubled since the 2022 bear market and reached a single-day record of 69% on Thursday, underscoring unprecedented concentration of same-day optionality in index flows, source: @KobeissiLetter, Aug 23, 2025.