What are 0DTE gold options levels?

1. What is 0DTE in gold?

0DTE gold options are option series with zero days to expiration: their last trading day is the day itself. Besides the large monthly contract that drives AurumGamma's main daily gamma levels, CME lists short-dated gold option series that expire through the week, so most trading days have their own 0DTE series.

2. How the 0DTE set is built

The 0DTE levels are a model computed from public CME data, not a record of dealer positions. Each morning with the daily update, before the US session and after the Globex open, AurumGamma reads the open interest of the 0DTE series at the close of the previous CME trading day (CME Volume and Open Interest report) and that day's settlement prices.

• Call wall: the strike with the largest call open interest between the futures settlement price and three one-day standard deviations above it.
• Put wall: the strike with the largest put open interest between the futures settlement price and three one-day standard deviations below it.
• High open interest strike: the strike with the most combined call and put open interest inside that range.
• Gamma flip: the price nearest the settlement where the modelled net gamma of the 0DTE series changes sign.
• Expected range: the futures settlement price plus and minus the at-the-money straddle settlement price, when CME serves that price.

When open interest inside the range is too thin, the dashboard says so in words and draws no lines.

3. Reading the 0DTE levels

Scale. The 0DTE series is small. On the days measured so far its open interest was roughly 1 to 3 % of the main contract's open interest, so treat the 0DTE levels as a secondary layer next to the main daily levels.

Timing. The levels are fixed once, before the US session, and do not change during the day. Publication comes after the Globex open, so price may already have traded through a level before it appears; the dashboard says so when its price data shows it.

Where. Pro members see today's 0DTE set, the 0DTE strike profile and the 0DTE chart on the gamma dashboard. The 0DTE levels are not part of the TradingView, MetaTrader 5 or NinjaTrader 8 indicators at this stage.

The levels describe where open interest sits. They are not a forecast and not trading advice.

4. Questions and answers

What is 0DTE in gold?

0DTE gold options are CME gold option series whose last trading day is the current day, so they have zero days to expiration.

When are AurumGamma's 0DTE levels published?

Each morning with the daily update, before the US session and after the Globex open. They are 0DTE levels, fixed before the US session from CME open interest, and they do not change during the day.

Do the 0DTE levels show dealer positions?

No. They are a model built from CME open interest and settlement prices, not a record of dealer positions. Price may already have traded through a level before publication.