Options Boot Camp 409: The Madness, Mystery and Mayhem of Expiration
Summary
Mark Longo and Dan Passarelli discuss the evolution of options expiration dates, tracing the shift from monthly expirations to the modern era of daily expirations. They review the history of weekly options, the addition of non-Friday expirations for SPX and single stocks, and the recent expansion of daily expirations to various ETFs. The hosts also share anecdotes from their trading floor days and address listener questions regarding market outlooks and crypto assets.
Topics discussed
Intro and network promotion
Welcome back and crypto options hype
Dan's name origin and Trade Monster hat
Nostalgia for old options brokerage firms
Fantasy football banter with producer Jean
Early season injury woes and show topic intro
History of SPX trading and expiration Friday
OEX vs SPX and modern floor changes
The special opening rotation and settlement
Short premium traders and expiration day stress
Settlement errors and the Saturday review process
Launch of weekly options in 2005
The 'Weeklies' branding controversy
Introduction of quarterly options in 2006
2010 single stock weekly options pilot stocks
Full list of 2010 pilot equities
Expansion of SPX expirations to Mon/Wed
Adding Tuesday and Thursday expirations in 2022
Impact of daily expirations on trading
Single stock options getting Mon/Wed expirations
ETFs with non-Friday expirations and leverage
Transition to mail call and listener questions
Crypto poll results: BTC, SOL, TRON, HYPE
IBIT poll and market earnings discussion
Wheel trading platform launch announcement
Future of 0DTE and market bifurcation
Outro and upcoming show previews
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