1. What are End of Day Options?
End of Day Options is a type of option contract, which refers to the time when this type of option contract is on the last trading day. With the rapid growth of weekly options on US stocks. For SPY and QQQ, we can trade expiring options contracts every Monday to Friday.
2. What are the characteristics of End of day Option?
2.1 Value:The time value of an option will be zero on the expiry date, if an option is out-of-the-money at the close of the day, the value of the option will be zero, and if an option is in-the-money at the close of the day, the value of the option is only the intrinsic value of the option.
2.2 The trading of End of day options involves higher risks and volatility, and price movements of the underlying asset(s) may have a greater impact on their prices. When investing in end of day options, you should pay attention to the market price, market liquidity, bid/ask spreads, transaction costs and other factors.
2.3 Screening rules for Last Day Options:
Monday to Friday of the trading day, at the end of day options center can view SPY and QQQ the day the largest volume of Call and Put, click on the specific contract information.
3. What is bullish/bearish money flow in options?
3.1 The bullish/bearish money flow refers to the flow of funds of the underlying, and every option transaction has indication on the price trend of the underlying. When the bar in the chart is in green, it means that there are more option investors taking bullish positions of the underlying. When the bar in the chart is in red, it means that there are more option investors taking bearish positions of the underlying.
3.2 The bullish/bearish money flow is calculated every 5 minutes based on previous consecutive 5 minutes option transactions.
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