Slovakia · Brent Kochuba, Jack Forehand and Justin Carbonneau
- Business
- Investing
The OPEX Effect is a joint podcast from Excess Returns and SpotGamma where we take a deep dive into the world of options and the flows they generate in markets. Join Brent Kochuba and Jack Forehand every month on Options Expiration week as they look at the major developments in the options world and how they impact all of our portfolios.
Episodes
The Kitty is Roaring Again - Volatility Is Not | The OPEX Effect: May 202414 May· The OPEX Effect- Listen later
- Mark as played
- Rate
- Download
- Go to podcast
- Share
In this episode of the OpEx Effect, we discuss the current state of the market as we approach the May options expiration. We analyze the low levels of volatility and put demand, suggesting market participants are not too concerned about potential downside risks. We also examine the impact of key upcoming events, particularly the CPI report and NVIDIA earnings, and how they could influence market direction. Additionally, we explore the relationship between options activity and market sentiment and the importance of understanding these dynamics even for long-term investors.
DOWNLOAD THE SLIDE DECK
https://excessreturnspod.com/opexeffectmay2024.pdf
MORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
- The Return of Volatility16 Apr· The OPEX Effect
- Listen later
- Mark as played
- Rate
- Download
- Go to podcast
- Share
In this episode of the OPEX Effect podcast, Brent Kochuba and Jack Forehand discuss the current market turmoil and its potential impact on options flows. They analyze how the geopolitical conflict in the Middle East, coupled with rate volatility and the upcoming U.S. elections, is causing a shift in the market environment from a period of volatility suppression to one of increased volatility. The hosts examine various indicators, such as correlation, dispersion, and the VIX, to highlight the unwinding of previous market flows and the potential for a new volatility regime. They also discuss the implications of the VIX expiration occurring before the equity options expiration and how this could impact the market in the coming week.
DOWNLOAD THE SLIDE DECK
https://excessreturnspod.com/opexeffectapril2024.pdf
MORE INFORMATION ABOUT SPOTGAMMA
See AlsoRight-Wing Tsunami: France "Stunned" After Macron Announces Snap Elections Following Crushing Defeat In European Parliament VoteMay Payrolls Soar 272K, Above Highest Estimate, As Wages Come In Red HotEuropean assets hit by EU election results, USD continues post-NFP gains - Newsquawk US Market OpenFutures Drop Ahead Of CPI, FOMC; Euro Slumps After Weekend Election Shockhttps://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
Missing episodes?
- The Nvidia Conundrum | The OPEX Effect | March 202412 Mar· The OPEX Effect
- Listen later
- Mark as played
- Rate
- Download
- Go to podcast
- Share
The OPEX Effect looks at the impact of options flows on the market from the perspective of longer-term investors. In each episode, we break down what is going on behind the scenes in the options market and how the resulting flows are moving markets.
In this episode, we take a deep dive into the March 2024 options expiration and its potential implications for the market. We discuss dealer positioning into the expiration, whether the call buying in the chip sector is showing signs of exhaustion, the relationship between gold and Bitcoin and forward stock returns, options positioning headed into Nvidia's upcoming major announcement and a lot more.
DOWNLOAD THE SLIDE DECK
https://excessreturnspod.com/opexeffectmarch2024.pdf
MORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
- The OPEX Effect | February 2024 | Helping Long-Term Investors Understand Options Flows13 Feb· The OPEX Effect
- Listen later
- Mark as played
- Rate
- Download
- Go to podcast
- Share
The OPEX Effect looks at the impact of options flows on the market from the perspective of longer-term investors. In each episode, we break down what is going on behind the scenes in the options market and how the resulting flows are moving markets.In this episode, we take a deep dive into the February 2024 options expiration and its potential implications for the market. We discuss the extreme level of call buying occurring in the tech space and what it might mean going forward. We also cover volatility, skew, the price of downside protection, tech domination of the S&P 500 and a lot more.
DOWNLOAD THE SLIDE DECK
https://www.validea.com/documents/opexeffectfebruary2024.pdf
MORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
- Inside the January Options Expiration17 Jan· The OPEX Effect
- Listen later
- Mark as played
- Rate
- Download
- Go to podcast
- Share
The OPEX Effect looks at the impact of options flows on the market from the perspective of longer-term investors. In each episode, we break down what is going on behind the scenes in the options market and how the resulting flows are moving markets.In this episode, we take a deep dive into the January 2024 options expiration and its potential implications for the market. We discuss why this expiration could be a significent market event, what the behind the scenes details of the expiration look like and why the story is even more interesting in single stocks than it is for the S&P 500. We also get an update on the MAG 7 stocks, look at why volatility has been muted and dicsuss the implications of the rise of 0DTE options.
DOWNLOAD THE SLIDE DECK
https://www.validea.com/documents/opexeffectjanuary2024.pdfMORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
THE OPEX Effect looks at the impact of options flows on the market from the perspective of longer-term investors. In each episode, we break down what is going on behind the scenes in the options market and how the resulting flows are moving markets.In this episode, we look at where things stand coming into the December 2023 options expiration. We look at dealer positioning in the S&P 500 headed into the expiration and what that might mean going forward. We discuss the setup in small-cap stocks, whether we are seeing excessive call buying in single stocks, the JP Morgan Collar trade and a lot more.
DOWNLOAD THE SLIDE DECK
https://www.validea.com/documents/opexeffectdecember2023.pdf
MORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
In our latest episode of the OPEX Effect, we discuss the upcoming November options expiration and what Brent is seeing in options markets leading into it. We also talk about the impact of 0DTE options on the market, the relationship between options expirations and VIX expirations, positioning in the Mag 7 stocks and a lot more.
DOWNLOAD THE SLIDE DECK
https://www.validea.com/documents/opexeffectnovember2023.pdf
MORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
FOLLOW JUSTIN ON TWITTER
https://twitter.com/jjcarbonneau
In our inaugural episode of the OPEX effect, Brent Kochuba, Jack Forehand and Justn Carbonneau look at the options market as we approach the October expiration and the big takeaways investors can take from it. We discuss the role options flows play in the market, look at current positioning in the S&P 500 market and also cover bonds, the MAG 7, the Ozempic trade and a lot more.DOWNLOAD THE SLIDE DECK
https://www.validea.com/documents/opexeffectoctober2023.pdf
MORE INFORMATION ABOUT SPOTGAMMA
https://www.spotgamma.com
FOLLOW BRENT ON TWITTER
https://twitter.com/spotgamma
FOLLOW JACK ON TWITTER
https://twitter.com/practicalquant
FOLLOW JUSTIN ON TWITTER
https://twitter.com/jjcarbonneau
