IG launched what it describes as the world's first daily expiring options on an individual stock, introducing 0DTE SpaceX contracts that allow traders to take positions with same-day expiry. According to IG, the contracts are exclusive to its platform and are not listed on any global exchange, making them the first daily stock options available through a broker rather than a traditional options market. The launch extends one of the fastest-growing trends in derivatives trading beyond index products and into single-stock exposure, as zero-days-to-expiry options have transformed options markets in the United States over the past three years, particularly on the S&P 500 and other major indices. The move strengthens IG's push into listed and OTC options as retail demand for short-dated derivatives continues to accelerate, with the broker reporting options trading among its UK clients increased by 33% over the past two years, while in the United States more than half of daily index options volume now comes from contracts that expire the same day.
IG Introduces Daily Expiring SpaceX Options With Same-Day Settlement
The contracts settle at the close of the U.S. trading session and are designed for traders seeking to express short-term views on SpaceX's share price without holding overnight exposure. The product is available Monday to Thursday, with Friday excluded because weekly SpaceX options are already available on that day. The contracts are offered through spread betting and CFDs formats, executed exclusively on IG's platform rather than through any exchange listing.
The product specifications are:
| Feature | Details |
|---------|----------|
| Underlying asset | SpaceX |
| Expiry | Same day (0DTE) |
| Availability | Monday to Thursday |
| Trading format | Spread betting and CFDs |
| Execution venue | Exclusive to IG |
| Exchange listed | No |
0DTE Options Expand From Index Products to Single-Stock Contracts
Zero-days-to-expiry options have become one of the defining developments in modern derivatives markets. Initially popularised through index options, particularly contracts linked to the S&P 500, 0DTE trading has attracted both institutional and retail participants looking to express short-term market views with defined risk and relatively low capital requirements. Until now, daily expiries have largely remained confined to index products, with individual stocks typically offering weekly or monthly expirations rather than contracts expiring every trading day. IG's launch creates a new category that combines the popularity of 0DTE trading with one of the market's highest-profile growth companies.
Elliot Harris, Head of Options at IG, said: "We're proud to be the first in the world to offer daily expiring SpaceX options. This gives our clients another way to access one of the world's most closely watched companies and respond quickly to market developments."
Zero-Days-to-Expiry Options Explained: Time Decay and Tactical Trading
Zero-days-to-expiry options are contracts that expire on the same day they are traded. Unlike traditional monthly options, which may remain outstanding for weeks or months, 0DTE contracts lose all remaining time value within a single trading session. Their prices respond primarily to movements in the underlying asset rather than the gradual passage of time over several days. For traders, this creates opportunities to express highly tactical views around earnings releases, macroeconomic announcements or intraday price movements. Because time decay accelerates dramatically during the final trading session, 0DTE products are generally considered suitable only for experienced investors who understand options pricing, implied volatility and position sizing.
SpaceX Selected for High Liquidity and Elevated Volatility Profile
The company's historic Nasdaq listing has generated extraordinary levels of retail and institutional interest throughout 2026, with brokers, exchanges and derivatives providers rapidly expanding the range of products built around the stock. Daily options represent the next stage in that evolution, giving active traders another way to speculate on intraday price movements. SpaceX's combination of high liquidity, elevated volatility and constant news flow makes it particularly well suited to short-dated derivatives.
Traditional Options Versus 0DTE Contracts: Key Structural Differences
The structural differences between traditional options and 0DTE contracts are:
| Traditional Options | 0DTE Options |
|---------------------|---------------|
| Expire weekly or monthly | Expire the same day |
| Higher time value | Minimal remaining time value |
| Often used for medium-term positioning | Primarily used for intraday trading |
| Slower option decay | Very rapid time decay |
| Suitable for longer-term hedging | Designed for tactical, short-term strategies |
IG Plans Daily Options Rollout to Additional U.S. Companies
By introducing a product unavailable on traditional exchanges, IG gains a temporary competitive advantage while also strengthening client engagement. Same-day options naturally generate higher trading frequency than longer-dated contracts, potentially increasing platform activity without requiring new client acquisition. The company indicated that SpaceX is only the beginning and plans to extend daily options to additional high-profile U.S. companies, suggesting that 0DTE single-stock products could become a broader part of its derivatives offering.
Retail Investor Loss Rates and Rapid Price Sensitivity Disclosed
Daily options are among the most short-term products available to retail traders. Because they expire within hours, prices are highly sensitive to movements in the underlying asset, changes in implied volatility and the rapid erosion of time value as expiration approaches. While defined-risk strategies can make 0DTE contracts useful for tactical positioning, they also require disciplined risk management. Traders who misunderstand option pricing or overuse leverage may experience significant losses within a single session. IG notes that CFDs and spread betting involve substantial risk, with 68% of retail investor accounts losing money when trading CFDs on its platform.
Exchange Operators May Consider Listed Daily Equity Options
The launch raises the question of whether exchange operators may eventually consider introducing similar products for other highly liquid equities if daily expiries continue attracting strong demand on a single stock such as SpaceX. For now, IG has secured first-mover status by bringing the 0DTE model beyond indices and into individual stocks. The launch signals that the next battleground in retail derivatives may not be lower commissions or tighter spreads, but entirely new ways of trading the world's most closely watched companies.
FAQ
What are 0DTE SpaceX options that IG launched?
0DTE SpaceX options are daily expiring options contracts that allow traders to take positions on SpaceX stock with same-day expiry. According to IG, the contracts are exclusive to its platform and are not listed on any global exchange, making them the first daily stock options available through a broker rather than a traditional options market. The contracts settle at the close of the U.S. trading session and are available Monday to Thursday.
Why did IG choose SpaceX for its first daily expiring single-stock options?
SpaceX's historic Nasdaq listing has generated extraordinary levels of retail and institutional interest throughout 2026, with brokers, exchanges and derivatives providers rapidly expanding the range of products built around the stock. SpaceX's combination of high liquidity, elevated volatility and constant news flow makes it particularly well suited to short-dated derivatives, according to the source.
What are the risks of trading 0DTE options?
Because 0DTE options expire within hours, prices are highly sensitive to movements in the underlying asset, changes in implied volatility and the rapid erosion of time value as expiration approaches. Traders who misunderstand option pricing or overuse leverage may experience significant losses within a single session. IG notes that 68% of retail investor accounts lose money when trading CFDs on its platform.
