On February 2, the options market quietly changes shape. The Mag 7 (plus IBIT) is effectively getting pulled deeper into the “0DTE world” — not with daily expirations yet, but with a major step in that direction: Monday and Wednesday expirations layered on top of the already-dominant Friday weeklies. MIAX has flagged AAPL, AMZN, AVGO, GOOGL, META, MSFT, NVDA, TSLA — and IBIT as Qualifying Securities for these new Monday/Wednesday short-dated listings, with the first expirations hitting Feb 2 and Feb 4.

Here’s why this matters: this isn’t about “more products.” It’s about how markets trade now. 0DTE options already became the center of gravity in major indices — in some months, 0DTE has been more than 60% of S&P 500 options volume. Exchanges don’t expand expirations because it’s fun… they do it because demand is pulling the whole ecosystem toward shorter, cheaper, more frequent hedging and speculation. The SEC filings around these Monday/Wednesday expirations basically admit the direction of travel: expand short-term series in the most liquid names, then broaden over time.

Once you give the market Monday and Wednesday expirations in the biggest tickers on earth, you’re training investors to think in daily decision loops. Today it’s M/W/F. Tomorrow it’s every day for anything with enough volume and tight spreads. That’s the product roadmap hiding in plain sight.

And if you’re an investor (not a day trader), there’s a way to look at this that’s almost the opposite of the usual “0DTE panic” narrative…

The biggest advantage of 0DTE covered calls is simple: you can stop giving away the overnight return stream.

Traditional overwrite strategies (weekly/monthly/quarterly) force you into a bad tradeoff:

0DTE flips the control back to you. With Monday/Wednesday expirations added to Friday weeklies, you can run an overwrite that’s closer to:

In plain English: you get to separate “owning” from “renting.”

1) You’re short volatility at the worst times (whether you realize it or not).
Weekly/monthly calls span macro landmines: CPI, FOMC weeks, tariff headlines, geopolitics, CEO “surprises,” regulatory shocks, and of course earnings season. You’re often collecting a known, limited premium while underwriting unknown, unlimited path dependency.

2) The income looks stable… until it isn’t.
Overwrite performance can look “smooth” in calm regimes, then suddenly lag badly when markets trend higher or gap violently. The strategy doesn’t just cap upside — it can change your whole return profile at exactly the wrong moment (when dispersion and upside volatility return).

3) You create a “decision vacuum.”
A monthly overwrite is basically saying: “I’m making one decision for the next 30–90 days.”
That’s fine in a sleepy market. It’s terrible in a market like 2026 where the regime can flip in 48 hours.

4) You’re not just selling calls — you’re selling timing.
Earnings don’t hit at noon. Policy headlines don’t wait for your roll date. Weekly/monthly overwrites force you to be short optionality during the periods where optionality is most valuable.

Starting Feb 2, the practical shift is this: three expirations a week creates three “clean decision points.”

A disciplined investor can now ask, every day:

That is a very different mindset from “sell the monthly and forget it.”

0DTE covered calls are not magic. The premium is smaller, turnover is higher, and execution matters (spreads, liquidity, assignment mechanics, taxes, and transaction costs). Also: the closer you sell to the money, the more you’re basically trading away your upside. The “edge” isn’t the existence of 0DTE — it’s having the discretion to only sell when the compensation is worth the cap.

Feb 2 isn’t just a calendar tweak. It’s a signal. The options market is moving from “weekly hedging” to “daily positioning” — first in the biggest stocks and the biggest crypto proxy, and then outward from there.

If you’ve been running call overwrite strategies the same way for years — weekly, monthly, quarterly, set it and forget it — this is your wake-up call: the game is shifting toward daily choice, daily risk management, and daily pricing of optionality.

And the investors who adapt early won’t just “collect premium.”
They’ll preserve the upside windows that actually move portfolios.

Noise: “The Fed held. Powell tried to stay out of politics. Nothing happened.” That’s the headline—but it misses the real issue. Powell basically admitted the Fed is no longer meaningfully restrictive (“loosely neutral… maybe somewhat restrictive”), while simultaneously flagging core PCE drifting back toward ~3% and acknowledging the economy keeps surprising to the upside. Translation: the Fed is trying to sound balanced while the math is getting less forgiving. If growth is running hot and inflation is sticky, a “neutral-ish” stance isn’t a victory lap—it’s a risk premium problem (termieder/Warsh odds, term premium, USD credibility), not a dot-plot debate.

Signal: The market isn’t trading the press conference… it’s trading the second-order consequences: dollar weakness + hard-asset strength + long-end sensitivity. When the Fed is perceived as boxed in (or late), capital starts looking for hedges that don’t require “Fed perfection.” That’s why the real tell isn’t whether Powell sounded hawkish/dovish—it’s that the USD stays heavy while gold/silver keep acting like the hedge-of-choice. In other words: the “Fed put” is getting replaced by a policy-volatility premium that shows up first in FX and real assets, not in the statement language.

After-hours earnings: the market isn’t anti-AI—it’s anti-“AI spend without visible payoff.” Meta’s print reads like AI monetization now (better engagement → better ads → faster revenue cadence), so the tape rewards it even with big capex. Microsoft reads like AI as a cost center + capacity constraint, with Azure growth/guidance and margin optics reminding investors that “AI everywhere” is not the same as “AI profitable.” Same theme, different scoreboard: when AI directly lifts revenue per user / ad yield / conversion, investors fund the capex. When the payoff depends on multi-quarter enterprise behavior change (Copilot seats, workflow rewiring) and capex is exploding, the market demands proof—not vision. That’s the real story under the surface tonight: ROI is the new multiple.

Today’s stock is Nextpower (name change from Nextracker) (NXT)…..

NXT (Nextpower) — I talked about this one a while back, but they just had earnings on Tuesday. NXT looks like it’s shaking off the “analyst day hangover” with execution that’s starting to match the company’s pitch as a more diversified, one‑stop shop for utility-scale solar hardware + software. In the latest quarter, NXT posted a clear beat (revenue $909M and EBITDA $214M, both well ahead of consensus) which management attributed in part to US demand pull-ins, and they raised FY26 guidance ~3%. The bigger tell, though, was the tone around record bookings and a backlog still north of $5B, supported by real traction in “below‑the‑panel” bundling (highlighting a 552MW Texas project that stacks tracker + eBOS + foundation/truss + TrueCapture). Capital return is back in the story too, with a newly announced $500M buyback (~3% of market cap) over three years, described as more programmatic (think dilution offset + steady support). Internationally, the Saudi JV continues to convert (the 2.25GW Bisha award with NXT’s ~1.13GW share included in backlog), plus a second Saudi facility targeted to start production in 2Q26. Net: if the market wants “AI/electrification-adjacent” exposure without paying nosebleed multiples, NXT’s mix of backlog visibility, bundling momentum, and buyback support keeps it firmly on the watchlist.

The H.E.A.T. (Hedge, Edge, Asymmetry and Theme) Formula is designed to empower investors to spot opportunities, think independently, make smarter (often contrarian) moves, and build real wealth.

The views and opinions expressed herein are those of the Chief Executive Officer and Portfolio Manager for Tuttle Capital Management (TCM) and are subject to change without notice. The data and information provided is derived from sources deemed to be reliable but we cannot guarantee its accuracy. Investing in securities is subject to risk including the possible loss of principal. Trade notifications are for informational purposes only. TCM offers fully transparent ETFs and provides trade information for all actively managed ETFs. TCM's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. Trade notification files are not provided until full trade execution at the end of a trading day. The time stamp of the email is the time of file upload and not necessarily the exact time of the trades. TCM is not a commodity trading advisor and content provided regarding commodity interests is for informational purposes only and should not be construed as a recommendation. Investment recommendations for any securities or product may be made only after a comprehensive suitability review of the investor’s financial situation.© 2025 Tuttle Capital Management, LLC (TCM). TCM is a SEC-Registered Investment Adviser. All rights reserved.