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 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.
Reviews:
A Rally Built on Fragile Ground | What the Options Market Tells Us About What Comes Next
The OPEX EffectJune 15, 202500:59:28

A Rally Built on Fragile Ground | What the Options Market Tells Us About What Comes Next

In the latest episode of the OPEX Effect, Jack Forehand and Brent Kochuba dive deep into the dynamics shaping the current market regime, with a particular focus on the upcoming June OPEX, dealer posi...

The Rally No One Trusts | What the Options Market Tells Us About What Comes Next
The OPEX EffectMay 10, 202501:03:38

The Rally No One Trusts | What the Options Market Tells Us About What Comes Next

In this episode of Excess Returns, Jack Forehand and Brent Kochuba from SpotGamma break down the forces at play beneath the surface of the market as we head into the May 2025 options expiration (OPEX...

An Unprecedented Lack of Liquidity: What the Options Market Tells Us About What Comes Next
The OPEX EffectApril 19, 202500:59:35

An Unprecedented Lack of Liquidity: What the Options Market Tells Us About What Comes Next

In this episode of The OPEX Effect, Jack and Brent dive deep into the market turmoil following "Liberation Day" and the implementation of new tariffs. With volatility spiking to levels not ...

One of the Fastest Corrections in History: What the Options Market Tells Us About What Comes Next
The OPEX EffectMarch 15, 202501:06:03

One of the Fastest Corrections in History: What the Options Market Tells Us About What Comes Next

In the latest episode of the OPEX Effect, Jack Forehand and Brent Kochuba take a look behind the scenes of the big market selloff and the options flows driving it. They break down the massive options...