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Nvidia Zero-Day Options Are the Next Big Bet for ETF Upstart
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Think Nvidia Corp., Tesla Inc., <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> Inc. and more. </p><p>The gamble? Publicly traded single-stock options aren’t available on a daily basis, meaning 0DTE bets can currently only occur on a Friday when weekly, monthly and quarterly contracts expire. Yet Tuttle says he is convinced it’s a matter of time before derivatives tied to individual companies shift to daily expiry.</p><p>“Whether that’s three months from now, six months from now, two years from now, I have no idea,” the Tuttle Capital Management CEO said. “My thinking is if I do believe that’s going to happen, I want to be first in line for it.” </p><p>In the meantime, Tuttle has come up with a workaround for his new ETFs, which could launch in the first half of the year provided the Securities and Exchange Commission doesn’t object. They’ll trade so-called Flex options — customized contracts that allow users to set terms such as strike prices and expiration dates — and roll them on a daily basis. Such contracts can be listed on exchanges without approvals in advance, Tuttle said. </p><p>America’s dynamic $11 trillion ETF industry is no stranger to investment strategies being prepared before demand, feasibility or even regulatory approval is assured. Increasingly complicated strategies featuring diverse leverage and return targets are being packaged into the easily traded wrapper and sold to the masses. </p><p>Tuttle is seeking to capitalize on two hot but controversial trends on Wall Street: Selling options to generate income, and trading those with zero days to expiration, or 0DTE. His firm plans a series of so-called 0DTE covered-call ETFs targeting mostly technology megacaps including Apple Inc. and Microsoft Corp.</p><p>To Ben Johnson, head of client solutions at Morningstar, the industry’s emphasis on first-mover advantage and apparent indifference to the risks of many strategies highlight the growing competition between firms for new business. </p><p>“Another blast from the ETF industry’s spaghetti cannon, a shot fired in hopes that a few of these products might stick to the wall,” Johnson said. Sponsors are “clearly not all that interested in whether these products actually have any long-term investment merit,” he said.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5d87df9c14cf84adba0a103938ed7db6\" tg-width=\"530\" tg-height=\"352\"/></p><p>The concept of an ETF using 0DTE options is not new. The likes of Defiance ETFs and Roundhill Investments have launched ETFs focused on indexes such as the S&P 500 and the Nasdaq 100 that aim to harvest income from zero-day contracts. But almost three years after derivatives on indexes and ETFs began expiring daily, the same change has yet to be made for single-stock options. </p><p>Unlike S&P 500 index options that are proprietary to Cboe Global Markets — the trading venue at the center of the 0DTE craze — listing single-stock zero-day contracts would be an industry-wide effort, said a spokesperson at the exchange. </p><p>Tuttle attracted widespread attention in 2021 when he launched a fund betting against Cathie Wood’s Ark Innovation ETF. While his attempt to ride the fame of Cramer, the host of CNBC’s Mad Money show, sputtered in short order, his foray into super-leveraged single-stock ETFs produced some of 2024’s biggest hits. </p><p>“The ETF industry is very clever about finding workarounds, to buy time until the real thing is ready,” Eric Balchunas, senior ETF analyst with Bloomberg Intelligence, said of the proposed funds. “In the end, how the sausage is made isn’t that important to investors. They just care that they’re getting this sort of cool hot sauce and end product.”</p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Zero-Day Options Are the Next Big Bet for ETF Upstart</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Zero-Day Options Are the Next Big Bet for ETF Upstart\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 13:18 GMT+8 <a href=https://www.bloomberg.com/news/articles/2025-01-22/nvidia-zero-day-options-are-the-next-big-bet-for-one-etf-upstart><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Man behind Jim Cramer funds says single-stock 0DTE will happenMatt Tuttle finds a workaround for slew of planned productsThe ETF industry’s upstart-in-chief is back with another roll of the new-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-01-22/nvidia-zero-day-options-are-the-next-big-bet-for-one-etf-upstart\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDN":"First Trust Dow Jones Internet I","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","NVD2.UK":"2X NVIDIA ETP","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4141":"半导体产品","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4503":"景林资产持仓","SNVD.UK":"LS -1X NVIDIA","NVDA":"英伟达","NVIW.SI":"NVDA 3xLongSG261006","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","2NVD.UK":"2X NVIDIA ETP","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","NVD":"GraniteShares 2x Short NVDA Daily ETF","NVDS.UK":"LS -1X NVIDIA","3NVD.UK":"LS 3X NVIDIA","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","NVDD":"Direxion Daily NVDA Bear 1X Shares","NVD3.UK":"LS 3X NVIDIA","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC"},"source_url":"https://www.bloomberg.com/news/articles/2025-01-22/nvidia-zero-day-options-are-the-next-big-bet-for-one-etf-upstart","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2505703617","content_text":"Man behind Jim Cramer funds says single-stock 0DTE will happenMatt Tuttle finds a workaround for slew of planned productsThe ETF industry’s upstart-in-chief is back with another roll of the new-product dice — this time betting on a game-changing expansion of Wall Street’s zero-day options boom. Matt Tuttle, who struck gold with leveraged meme-stock funds but fell flat with his Jim Cramer ETFs, has filed to create a line of new offerings that will trade fast-twitch derivatives on popular companies beloved by the retail-investing masses. Think Nvidia Corp., Tesla Inc., MicroStrategy Inc. and more. The gamble? Publicly traded single-stock options aren’t available on a daily basis, meaning 0DTE bets can currently only occur on a Friday when weekly, monthly and quarterly contracts expire. Yet Tuttle says he is convinced it’s a matter of time before derivatives tied to individual companies shift to daily expiry.“Whether that’s three months from now, six months from now, two years from now, I have no idea,” the Tuttle Capital Management CEO said. “My thinking is if I do believe that’s going to happen, I want to be first in line for it.” In the meantime, Tuttle has come up with a workaround for his new ETFs, which could launch in the first half of the year provided the Securities and Exchange Commission doesn’t object. They’ll trade so-called Flex options — customized contracts that allow users to set terms such as strike prices and expiration dates — and roll them on a daily basis. Such contracts can be listed on exchanges without approvals in advance, Tuttle said. America’s dynamic $11 trillion ETF industry is no stranger to investment strategies being prepared before demand, feasibility or even regulatory approval is assured. Increasingly complicated strategies featuring diverse leverage and return targets are being packaged into the easily traded wrapper and sold to the masses. Tuttle is seeking to capitalize on two hot but controversial trends on Wall Street: Selling options to generate income, and trading those with zero days to expiration, or 0DTE. His firm plans a series of so-called 0DTE covered-call ETFs targeting mostly technology megacaps including Apple Inc. and Microsoft Corp.To Ben Johnson, head of client solutions at Morningstar, the industry’s emphasis on first-mover advantage and apparent indifference to the risks of many strategies highlight the growing competition between firms for new business. “Another blast from the ETF industry’s spaghetti cannon, a shot fired in hopes that a few of these products might stick to the wall,” Johnson said. Sponsors are “clearly not all that interested in whether these products actually have any long-term investment merit,” he said.The concept of an ETF using 0DTE options is not new. The likes of Defiance ETFs and Roundhill Investments have launched ETFs focused on indexes such as the S&P 500 and the Nasdaq 100 that aim to harvest income from zero-day contracts. But almost three years after derivatives on indexes and ETFs began expiring daily, the same change has yet to be made for single-stock options. Unlike S&P 500 index options that are proprietary to Cboe Global Markets — the trading venue at the center of the 0DTE craze — listing single-stock zero-day contracts would be an industry-wide effort, said a spokesperson at the exchange. Tuttle attracted widespread attention in 2021 when he launched a fund betting against Cathie Wood’s Ark Innovation ETF. While his attempt to ride the fame of Cramer, the host of CNBC’s Mad Money show, sputtered in short order, his foray into super-leveraged single-stock ETFs produced some of 2024’s biggest hits. “The ETF industry is very clever about finding workarounds, to buy time until the real thing is ready,” Eric Balchunas, senior ETF analyst with Bloomberg Intelligence, said of the proposed funds. “In the end, how the sausage is made isn’t that important to investors. They just care that they’re getting this sort of cool hot sauce and end product.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":395607466582400,"gmtCreate":1737610566418,"gmtModify":1737610593369,"author":{"id":"4199282668432422","authorId":"4199282668432422","name":"Kiran r","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4199282668432422","authorIdStr":"4199282668432422"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395607466582400","repostId":"2505703617","repostType":2,"repost":{"id":"2505703617","kind":"highlight","pubTimestamp":1737609531,"share":"https://ttm.financial/m/news/2505703617?lang=&edition=fundamental","pubTime":"2025-01-23 13:18","market":"us","language":"en","title":"Nvidia Zero-Day Options Are the Next Big Bet for ETF Upstart","url":"https://stock-news.laohu8.com/highlight/detail?id=2505703617","media":"Bloomberg","summary":"The ETF industry’s upstart-in-chief is back with another roll of the new-product dice — this time betting on a game-changing expansion of Wall Street’s zero-day options boom.","content":"<html><head></head><body><ul style=\"\"><li><p>Man behind Jim Cramer funds says single-stock 0DTE will happen</p></li><li><p>Matt Tuttle finds a workaround for slew of planned products</p></li></ul><p>The ETF industry’s upstart-in-chief is back with another roll of the new-product dice — this time betting on a game-changing expansion of Wall Street’s zero-day options boom. </p><p>Matt Tuttle, who struck gold with leveraged meme-stock funds but fell flat with his Jim Cramer ETFs, has filed to create a line of new offerings that will trade fast-twitch derivatives on popular companies beloved by the retail-investing masses. Think Nvidia Corp., Tesla Inc., <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> Inc. and more. </p><p>The gamble? Publicly traded single-stock options aren’t available on a daily basis, meaning 0DTE bets can currently only occur on a Friday when weekly, monthly and quarterly contracts expire. Yet Tuttle says he is convinced it’s a matter of time before derivatives tied to individual companies shift to daily expiry.</p><p>“Whether that’s three months from now, six months from now, two years from now, I have no idea,” the Tuttle Capital Management CEO said. “My thinking is if I do believe that’s going to happen, I want to be first in line for it.” </p><p>In the meantime, Tuttle has come up with a workaround for his new ETFs, which could launch in the first half of the year provided the Securities and Exchange Commission doesn’t object. They’ll trade so-called Flex options — customized contracts that allow users to set terms such as strike prices and expiration dates — and roll them on a daily basis. Such contracts can be listed on exchanges without approvals in advance, Tuttle said. </p><p>America’s dynamic $11 trillion ETF industry is no stranger to investment strategies being prepared before demand, feasibility or even regulatory approval is assured. Increasingly complicated strategies featuring diverse leverage and return targets are being packaged into the easily traded wrapper and sold to the masses. </p><p>Tuttle is seeking to capitalize on two hot but controversial trends on Wall Street: Selling options to generate income, and trading those with zero days to expiration, or 0DTE. His firm plans a series of so-called 0DTE covered-call ETFs targeting mostly technology megacaps including Apple Inc. and Microsoft Corp.</p><p>To Ben Johnson, head of client solutions at Morningstar, the industry’s emphasis on first-mover advantage and apparent indifference to the risks of many strategies highlight the growing competition between firms for new business. </p><p>“Another blast from the ETF industry’s spaghetti cannon, a shot fired in hopes that a few of these products might stick to the wall,” Johnson said. Sponsors are “clearly not all that interested in whether these products actually have any long-term investment merit,” he said.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5d87df9c14cf84adba0a103938ed7db6\" tg-width=\"530\" tg-height=\"352\"/></p><p>The concept of an ETF using 0DTE options is not new. The likes of Defiance ETFs and Roundhill Investments have launched ETFs focused on indexes such as the S&P 500 and the Nasdaq 100 that aim to harvest income from zero-day contracts. But almost three years after derivatives on indexes and ETFs began expiring daily, the same change has yet to be made for single-stock options. </p><p>Unlike S&P 500 index options that are proprietary to Cboe Global Markets — the trading venue at the center of the 0DTE craze — listing single-stock zero-day contracts would be an industry-wide effort, said a spokesperson at the exchange. </p><p>Tuttle attracted widespread attention in 2021 when he launched a fund betting against Cathie Wood’s Ark Innovation ETF. While his attempt to ride the fame of Cramer, the host of CNBC’s Mad Money show, sputtered in short order, his foray into super-leveraged single-stock ETFs produced some of 2024’s biggest hits. </p><p>“The ETF industry is very clever about finding workarounds, to buy time until the real thing is ready,” Eric Balchunas, senior ETF analyst with Bloomberg Intelligence, said of the proposed funds. “In the end, how the sausage is made isn’t that important to investors. They just care that they’re getting this sort of cool hot sauce and end product.”</p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Zero-Day Options Are the Next Big Bet for ETF Upstart</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Zero-Day Options Are the Next Big Bet for ETF Upstart\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 13:18 GMT+8 <a href=https://www.bloomberg.com/news/articles/2025-01-22/nvidia-zero-day-options-are-the-next-big-bet-for-one-etf-upstart><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Man behind Jim Cramer funds says single-stock 0DTE will happenMatt Tuttle finds a workaround for slew of planned productsThe ETF industry’s upstart-in-chief is back with another roll of the new-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-01-22/nvidia-zero-day-options-are-the-next-big-bet-for-one-etf-upstart\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDN":"First Trust Dow Jones Internet I","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","NVD2.UK":"2X NVIDIA ETP","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4141":"半导体产品","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4503":"景林资产持仓","SNVD.UK":"LS -1X NVIDIA","NVDA":"英伟达","NVIW.SI":"NVDA 3xLongSG261006","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","2NVD.UK":"2X NVIDIA ETP","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","NVD":"GraniteShares 2x Short NVDA Daily ETF","NVDS.UK":"LS -1X NVIDIA","3NVD.UK":"LS 3X NVIDIA","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","NVDD":"Direxion Daily NVDA Bear 1X Shares","NVD3.UK":"LS 3X NVIDIA","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC"},"source_url":"https://www.bloomberg.com/news/articles/2025-01-22/nvidia-zero-day-options-are-the-next-big-bet-for-one-etf-upstart","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2505703617","content_text":"Man behind Jim Cramer funds says single-stock 0DTE will happenMatt Tuttle finds a workaround for slew of planned productsThe ETF industry’s upstart-in-chief is back with another roll of the new-product dice — this time betting on a game-changing expansion of Wall Street’s zero-day options boom. Matt Tuttle, who struck gold with leveraged meme-stock funds but fell flat with his Jim Cramer ETFs, has filed to create a line of new offerings that will trade fast-twitch derivatives on popular companies beloved by the retail-investing masses. Think Nvidia Corp., Tesla Inc., MicroStrategy Inc. and more. The gamble? Publicly traded single-stock options aren’t available on a daily basis, meaning 0DTE bets can currently only occur on a Friday when weekly, monthly and quarterly contracts expire. Yet Tuttle says he is convinced it’s a matter of time before derivatives tied to individual companies shift to daily expiry.“Whether that’s three months from now, six months from now, two years from now, I have no idea,” the Tuttle Capital Management CEO said. “My thinking is if I do believe that’s going to happen, I want to be first in line for it.” In the meantime, Tuttle has come up with a workaround for his new ETFs, which could launch in the first half of the year provided the Securities and Exchange Commission doesn’t object. They’ll trade so-called Flex options — customized contracts that allow users to set terms such as strike prices and expiration dates — and roll them on a daily basis. Such contracts can be listed on exchanges without approvals in advance, Tuttle said. America’s dynamic $11 trillion ETF industry is no stranger to investment strategies being prepared before demand, feasibility or even regulatory approval is assured. Increasingly complicated strategies featuring diverse leverage and return targets are being packaged into the easily traded wrapper and sold to the masses. Tuttle is seeking to capitalize on two hot but controversial trends on Wall Street: Selling options to generate income, and trading those with zero days to expiration, or 0DTE. His firm plans a series of so-called 0DTE covered-call ETFs targeting mostly technology megacaps including Apple Inc. and Microsoft Corp.To Ben Johnson, head of client solutions at Morningstar, the industry’s emphasis on first-mover advantage and apparent indifference to the risks of many strategies highlight the growing competition between firms for new business. “Another blast from the ETF industry’s spaghetti cannon, a shot fired in hopes that a few of these products might stick to the wall,” Johnson said. Sponsors are “clearly not all that interested in whether these products actually have any long-term investment merit,” he said.The concept of an ETF using 0DTE options is not new. The likes of Defiance ETFs and Roundhill Investments have launched ETFs focused on indexes such as the S&P 500 and the Nasdaq 100 that aim to harvest income from zero-day contracts. But almost three years after derivatives on indexes and ETFs began expiring daily, the same change has yet to be made for single-stock options. Unlike S&P 500 index options that are proprietary to Cboe Global Markets — the trading venue at the center of the 0DTE craze — listing single-stock zero-day contracts would be an industry-wide effort, said a spokesperson at the exchange. Tuttle attracted widespread attention in 2021 when he launched a fund betting against Cathie Wood’s Ark Innovation ETF. While his attempt to ride the fame of Cramer, the host of CNBC’s Mad Money show, sputtered in short order, his foray into super-leveraged single-stock ETFs produced some of 2024’s biggest hits. “The ETF industry is very clever about finding workarounds, to buy time until the real thing is ready,” Eric Balchunas, senior ETF analyst with Bloomberg Intelligence, said of the proposed funds. “In the end, how the sausage is made isn’t that important to investors. They just care that they’re getting this sort of cool hot sauce and end product.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
