FIRST ON-CHAIN ZERO-DAY OPTIONS

Zero-Day Options
Instant Execution

Trade crypto options that expire at 8:00 UTC daily, capturing intraday price moves with maximum leverage and capital efficiency.

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UNTIL EXPIRY
Odette Trading Terminal
Powered by Thetanuts Options Protocol
Odette.fi leverages Thetanuts' enterprise-grade options infrastructure to provide same-day expiration options with instant execution and reliable settlement.
Learn how Thetanuts powers Odette

How It Works

Trade zero-day expiration options with unprecedented speed and precision

1

Select Your Position

Choose from calls, puts, or spreads across multiple strike prices for ETH and BTC.

2

Execute Instantly

Benefit from instant execution against real-time maker quotes with minimal slippage.

3

Monitor Position

Track your P/L in real-time with our intuitive dashboard as market conditions evolve.

4

Automatic Settlement

Options settle automatically at 8:00 UTC based on Chainlink oracle price feeds.

The Zero-Day Advantage

Harness the power of accelerated time decay and maximum leverage

Zero-day expiration delivers unmatched capital efficiency

  • Accelerated Time Decay: Options lose value exponentially as expiry approaches, creating both opportunities and risks
  • Maximum Leverage: 0DTE options provide up to 2000x leverage compared to 100x for perpetuals and futures
  • Defined Timeframe: All positions settle at the same time each day, no additional margin requirements
  • No Liquidation Risk: Unlike futures or perpetuals, 0DTE options can never be liquidated until expiry. Price manipulation tactics cannot force you out of your position.

Zero-Day Options vs. Perpetual Futures

Feature Odette Zero-Day Options Perpetual Futures
Expiration One-day settlement No expiry (until closed)
Liquidation Risk No liquidations Forced liquidation during adverse moves
Maximum Leverage Up to 2000x Up to 100x
Cost Structure Upfront fixed premium (from 0.05%/day at 2000x) Continuous funding (from 0.03%/day until closed)
Capital Efficiency Highest possible efficiency with premium-only outlay Requires margin maintenance to prevent liquidation
Risk Management Known maximum loss upfront (premium paid) Potentially unlimited losses
Resistance to Manipulation Immune to stop-hunting and liquidation cascades Vulnerable to liquidation hunting

Real-World Trading Scenarios

See how traders leverage the power of one-day expiration

Breaking News Trade
9:30 AM
Major protocol announces unexpected partnership
9:32 AM
ETH jumps 2% in minutes with momentum building
9:35 AM
Trader buys 5 ETH call 0DTEs with $2150 strike for 0.003 ETH each
2:00 PM
ETH rallies to $2200
2:05 PM
Trader sells position for 0.055 ETH each
Result
18.3x return in less than 5 hours
Event Volatility Capture
5:00 PM
Key data release scheduled for 6:30 PM
6:15 PM
Spot price is 2100. Trader buys ETH call spread (long $2100/short $2150) for 0.005 ETH
6:35 PM
Better-than-expected data causes ETH to spike.
8:00 PM
12 hours to expiry. Trader closes position for 5x return at spot price $2140.
Result
5x return in 115 minutes with defined risk
Precise Intraday Hedge
10:00 AM
Trader holds significant ETH position with downside concerns
10:15 AM
Technical resistance shows potential short-term rejection
10:20 AM
Trader buys 10 ETH put 0DTEs as temporary downside protection
1:30 PM
Market uncertainty passes, ETH holds support
1:45 PM
Trader closes hedge at small loss, avoiding unnecessary long-term option cost
Result
Intraday peace of mind without week-long premium expense
Liquidation Protection
12:00 AM UTC
Trader believes ETH will rise from $2300 to $2400 by end of day
12:15 AM
Options Strategy: Buy 7 hour $2350 call for $1.10 (2000x long)
Perpetual Strategy: 20x long at $2300 (liq. at $2200)
3:30 AM
Sudden market volatility causes ETH to drop to $2180
3:45 AM
Option position intact, waiting for recovery
Perpetual position liquidated at $2200
8:00 AM
ETH rebounds and reaches $2420 by option market close
Result
Option trader profits 61x while futures trader is forced out with full loss of initial margin

Advanced Features

Designed for serious traders who demand precision and control

Liquidation-Proof

Never worry about being forced out of your position due to price manipulation or volatility. With options, your risk is strictly limited to the premium paid - no surprise liquidations.

Trader-Focused Interface

Intuitive options chain view with quick-trade buttons, real-time position dashboard, and complete order history.

Security & Reliability

Non-custodial execution, reliable oracle settlement, and gas-efficient design for cost-effective trading.

Strategic Tools

Advanced greeks display, IV calculator, multi-leg strategy builder, and hands-free settlement at expiration.

Perfect for Different Traders

0DTE options deliver unique benefits across trading styles

The Tactical Precision Trader

  • Seeks to capitalize on specific intraday price moves
  • Values rapid execution and position flexibility
  • Focuses on high leverage with controlled risk
  • Prefers to avoid overnight exposure
Odette benefit: Precision timing with same-day settlement

The News & Event Trader

  • Trades around specific announcements and events
  • Needs immediate market access when news breaks
  • Looks for asymmetric risk/reward opportunities
  • Values capital efficiency and targeted exposure
Odette benefit: Ultra-low cost options with maximum leverage

The Sophisticated Risk Manager

  • Actively manages portfolio exposure in changing markets
  • Requires temporary hedging solutions
  • Understands and optimizes for theta (time decay)
  • Carefully balances cost vs. protection
Odette benefit: Affordable short-term protection without week-long premium cost

Ready to trade at lightning speed?

Start with Odette.fi - the first on-chain platform for same-day expiration options.