Excess Returns

The OPEX Effect

Business EN ↓ 33 episodes

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.

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Excess Returns

Episodes

The Kitty is Roaring Again - Volatility Is Not | The OPEX Effect: May 2024 14.05.2024 50:11

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 d...

The Return of Volatility 16.04.2024 47:31

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...

The Nvidia Conundrum | The OPEX Effect | March 2024 12.03.2024 1:13:10

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 positioni...

The OPEX Effect | February 2024 | Helping Long-Term Investors Understand Options Flows 13.02.2024 1:07:42

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 l...

Inside the January Options Expiration 17.01.2024 1:04:24

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 expir...

The OPEX Effect: December Expiration | S&P 500 Update, Small-Cap Surge, JP Morgan Collar 12.12.2023 1:00:55

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 head...

The OPEX Effect: November Expiration | 0DTE Options, S&P 500 Update, MAG 7 Positioning 14.11.2023 1:06:40

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/opexeffectno...

The OPEX Effect: October Expiration | S&P 500, Bond Volatility, MAG 7, Ozempic Trade 17.10.2023 54:50

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 SL...