Perpetual Futures vs. 0DTE Options: The most important distinction is structural.

Perpetual Futures vs. 0DTE Options: The most important distinction is structural. 💠 Perpetuals are linear instruments: a 1% move in the underlying produces a 1% move in the position (times leverage). 💠 Options are convex: as they move further in-the-money, their sensitivity to the price of the underlying asset increases, amplifying gains at an accelerating rate. Cboe’s Market Intelligence team analyzes these differences in a recent research paper, titled Crossed Wires: Separating Perception from Reality. ➡️ Download the paper to read the research: https://bit.ly/3Tdr1Vp