The OPEX Effect

The OPEX Effect

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, Jack Forehand and me, Justin Carbonneau every month on Options Expiration week as we look at the major developments in the options world and how they impact all of our portfolios.
The Volatility Shift No One Sees | What the Options Market Says About What Comes Next
The OPEX EffectJanuary 17, 202601:01:13

The Volatility Shift No One Sees | What the Options Market Says About What Comes Next

In this episode, Jack Forehand is joined by Brent Kochuba from SpotGamma to break down how options market flows are increasingly shaping equity market behavior. The conversation focuses on January opt...

7000 Magnet. 6800 Trap Door | What the Options Market Tells Us About What Comes Next
The OPEX EffectDecember 13, 202501:09:41

7000 Magnet. 6800 Trap Door | What the Options Market Tells Us About What Comes Next

In this episode of The Opex Effect, Jack Forehand and Brent Kochuba break down what could be the largest options expiration ever and explain why December options flows, seasonality, and volatility dyn...

The Two-Tailed Risk Trap | What the Options Market Tells Us About What Comes Next
The OPEX EffectNovember 15, 202501:09:06

The Two-Tailed Risk Trap | What the Options Market Tells Us About What Comes Next

In this month’s OPEX Effect, Brent Kochuba and Jack Forehand break down the forces driving markets into November expiration. They cover the surge in volatility, Nvidia’s critical earnings event, the c...

Fragile Rally. Big Vol Spike. Credit Risks Rising | What the Options Market Says About What's Next
The OPEX EffectOctober 18, 202501:15:04

Fragile Rally. Big Vol Spike. Credit Risks Rising | What the Options Market Says About What's Next

In this episode, Brent Kochuba of SpotGamma joins Jack Forehand to break down the October options expiration and the surge in volatility that hit markets. They discuss record-breaking options volumes,...