apps2 · fundamentals — QQQ·TSLA·NVDA 0DTE Volume vs SPX·M2·WALCL·RRP·10Y·CPI

Current 0DTE volume — QQQ · TSLA · NVDA, per ticker

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0DTE history: … auto-refresh

0DTE Volume — 5y history · QQQ·TSLA·NVDA 5Y 0DTE HISTORYThe purest retail-frenzy gauge: same-day-expiry (0DTE) contract volume for QQQ · TSLA · NVDA, one line each (individually selectable), over ~5 years. Y-axis = REAL 0DTE contract counts (with units). Pick 5y (the point of this pane) to see the whole cycle. Overlay SPX / M2 / WALCL / RRP / 10Y rate / CPI inflation (own normalized scale) to compare frenzy vs the S&P, liquidity, and the rate / inflation backdrop.

Window View (bars)— Compare (chips below) Scale Lead/lag0 bold baseline

0DTE Put/Call over time — VOLUME (retail frenzy) vs PREMIUM-$ (where the money leans) P/C · 2 FORMSRetail vs money, one chart: the VOLUME P/C (contracts — retail-frenzy gauge) drawn against the PREMIUM-$ P/C (dollars — where the money leans). Above 1.0 = more puts (fear/hedging); below 1.0 = more calls (greed/leverage). Watch for the crowd (volume) staying euphoric while the money (premium-$) turns defensive — distribution near a top. Premium-$ P/C is ramping (banked forward from 2026-07; the 5y seed carries only volume P/C).

Window View (bars)— Compare (chips below) Scale Lead/lag0 bold baseline

Computed lead-lag — does 0DTE volume LEAD or LAG SPX · liquidity? EMPIRICAL bestLagThe empirical companion to the manual Lead/lag slider. Cross-correlation of 0DTE-volume returns vs each overlay's returns across ±45 trading days: the tallest bar = the best lag. +lag = 0DTE volume LEADS (frenzy first); −lag = the overlay leads the frenzy. Bars inside the dashed ±noise band are statistically indistinguishable from random. M2 (monthly) & WALCL (weekly) are coarse-cadence, so their daily lead-lag is intentionally weak — read the noise band.

Volume series Lookback

0DTE volume vs S&P 500 (^GSPC)

0DTE volume vs US M2 money supply (M2SL · monthly)

0DTE volume vs Fed balance sheet (WALCL · weekly)

0DTE volume vs Reverse repo (RRPONTSYD · daily)

Best lag > 0 = 0DTE volume leads the overlay (frenzy moves first); < 0 = the overlay leads the frenzy. Bars are drawn blue (positive) / red (negative); a solid bar is above the ±2/√n noise band, faint grey is inside it (indistinguishable from random). The dashed vertical pin marks the best lag. Set the manual Lead/lag slider on the volume pane above to this number to line the overlay up on the empirical relationship.

Read-through — what the 0DTE-vs-liquidity picture is saying

Purest retail gaugeSame-day-expiry (0DTE) volume on QQQ · TSLA · NVDA is the purest gauge of retail speculation — lottery-ticket flow with no overnight commitment.

Leads or lags SPXOn the chart it rides against SPX (^GSPC): the question is whether 0DTE frenzy leads or lags the index (0DTE surging before price = froth building; rolling over while price grinds higher = a fading bid).

Liquidity fuels frenzyOverlay the liquidity taps and it rides against liquidity IN (US M2 & the Fed balance sheet WALCL rising, reverse-repo RRP draining) — which historically fuels retail speculation; liquidity draining cools it — the lead/lag slider tests whether liquidity turns first.

Rates / inflation brakeOverlay the rate / inflation legs — the 10Y Treasury rate (DGS10) and CPI inflation (CPIAUCSL) — and test the macro backdrop: rising rates + hot inflation are the classic brake on speculative frenzy (a higher discount rate + a Fed leaning hawkish drains the risk appetite that 0DTE lottery tickets run on), so watch whether 0DTE frenzy cools as the 10Y climbs / inflation re-accelerates, or keeps running in defiance of a tightening backdrop (a late-cycle blow-off tell).

Put/call = moodThe put/call read reads the mood: a low 0DTE P/C = call-euphoria, the lottery-ticket frenzy that tends to cluster near froth; a high P/C = fear/capitulation.

The actionable divergence0DTE volume surging while liquidity is draining and rates are rising — speculation running on fumes, a late-cycle warning — or 0DTE dead while liquidity floods in and rates ease — a coiled spring the crowd hasn't chased yet.

Broad or one meme?Each name (QQQ/TSLA/NVDA) is individually selectable so you can see whether the frenzy is broad or concentrated in one meme.