Cboe's Stacey Gilbert on 0DTE, NVDA Earnings & The AI Trade

Benzinga
•May 18th, 2026
DESCRIPTION
Stacey Gilbert from Cboe's Options Institute joins Ryan on PreMarket Playbook to break down the explosive growth of 0DTE (zero days to expiration) options, what the options market is pricing in for NVDA earnings, and why the VIX rising isn't always about fear.
📚 LEARN MORE
Cboe Options Institute Learning Portal (free): https://www.cboe.com/oilp
Cboe is the world's go-to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions to people around the world. We offer access to options, futures, cash equities, and FX across markets in North America, Europe, and Asia Pacific. Our insights, services and education help you navigate any market with confidence.
https://www.cboe.com/
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⏱️ TIMESTAMPS
00:00 Intro & Stacey's background
01:10 Inside Cboe's Options Institute
02:37 The explosion of 0DTE options in SPX
04:00 Why 95% of 0DTE trades are risk-defined
05:26 How investors use options around AI & earnings
06:36 Protection, income, and efficient exposure explained
07:30 What the options market implies for NVDA, Target & Walmart
09:07 The straddle × 0.8 trick for calculating implied moves
10:30 SPX vs SPY: cash-settled vs physically-settled
12:26 Why the VIX is rising (it's not what you think)
14:24 Where to learn more about options for free
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⚠️ Disclaimer:
Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.

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