Do 80+% of 0dte options expire worthless everyday? QQQ landed at nearly exactly where most calls and puts would be OTM. Pure coincidence?
Source: Fidelity It’s even worse on SPY. The final 30 minute pump caused over 22K puts at $397 and $398 strike to expire worthless while bringing only 10K calls ITM. h/t BGID_to_the_moon