The Most Popular Options Trade Turns a $1 Investment Into a $1,000 Stock Bet

(Bloomberg) — There’s an invisible force driving the most popular options trade of the year — one that gives Wall Street pros and day traders alike the power to turn a $1 investment into a $1,000 stock bet.

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Investors are wagering on the daily gyrations of American equity benchmarks by dashing in and out of trading contracts that expire within 24 hours — known by the “0DTE” moniker — with less upfront capital than meets the eye. The hidden fuel for the…