Kiwoom Securities Launches Special Event for S&P 500 Zero-Day-to-Expiry Options

Kiwoom Securities announced on August 11 that it will hold a special event to celebrate the launch of its zero-day-to-expiry (0DTE) options product, which is based on the S&P 500 index. Until October 31, the company will significantly reduce the trading fee to $1 per contract.

The zero-day-to-expiry option is an ultra-short-term option that expires every day from Monday to Friday. New positions can be opened even on the expiration date. As a cash-settled product, it can be traded until the market closes on the expiration day without the need for offsetting trades. This feature allows investors to respond flexibly to key economic indicators and events announced before and after the opening of the U.S. stock market, thereby offering a variety of investment opportunities.

Customers who apply for real-time quotes for the zero-day-to-expiry options will receive free access to quote services for a total of three months, including the month of application. If at least one contract of the zero-day-to-expiry option is traded within the free period, the free access will be automatically extended by one month at a time, allowing customers to continue enjoying the benefit.

Additionally, a total of 300 customers who make their first trade in zero-day-to-expiry options will be selected by lottery to receive a gift certificate worth 50,000 won.

A representative from Kiwoom Securities stated, "Zero-day-to-expiry options have short maturities, allowing investments at relatively low premiums. The option prices are highly sensitive to movements in the underlying asset, which enables high volatility and leveraged two-way trading. For these reasons, the product is attracting significant interest from day traders."

To trade zero-day-to-expiry options, customers need to open a Kiwoom Securities overseas futures and options account. This can be done non-face-to-face through Kiwoom Securities HeroMoomS#.

Further details about the event can be found on the Kiwoom Securities website, or by contacting the Kiwoom Financial Center.

This content was produced with the assistance of AI translation services.