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Traders Are Flocking to Risky Zero-Dated Options. ‘You Can Go Completely Broke.’

Traders Are Flocking to Risky Zero-Dated Options. ‘You Can Go Completely Broke.’

Jin Wang has taken some wild rides as a day trader. Betting on the market’s intraday moves is nothing new, but it has taken off with options expiring by the trading day’s end. Zero-dated options pegged to the have also surged, along with options tied to exchange-traded funds that track the S&P 500 and Nasdaq indexes.