Today Was The Largest Option Volume Session Of All Time

Earlier today, during the market's furious meltup, we took a quick look at the volumes in the 0DTE (0-days to expiration) option universe and what we found left us speechless (but not tweetless):

0DTE lordy

— zerohedge (@zerohedge) February 2, 2023

We had to wait until the close to learn what happened. As GS reports, a record 68 million contracts traded over the course of the session, consisting of 40 million calls (also a record) vs 28 million puts.