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Quantitative Finance · Glossary

What is Weekly and zero-day options?

Also known as: weekly option · zero-day option

Definition 26.1 Markets I: The Ecosystem and Exchange-Traded Markets · Chapter 26 — Zero-Day Options, Weeklies and Retail Options Flow

A weekly option is a listed option series with an expiry other than the standard monthly one, listed a few weeks before it expires. A zero-day option (0DTE, zero days to expiry) is any option on the day it expires: not a separate product, but the last day in the life of a weekly, a monthly or a quarterly series.

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