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.
Latest Episode
The Two-Tailed Risk Trap | What the Options Market Tells Us About What Comes Next (15.11.2025)
Previous Episodes
- Fragile Rally. Big Vol Spike. Credit Risks Rising | What the Options Market Says About What's Next
- Vol Is Crushed. Risk Isn’t | What the Largest OPEX In History Tells Us About What Comes Next
- Low Volatility Is Lying to You | What the Options Market Says About What Comes Next
- All-Time Highs. Record Complacency | What the Options Market Tells Us About What Comes Next
- A Rally Built on Fragile Ground | What the Options Market Tells Us About What Comes Next
- The Rally No One Trusts | What the Options Market Tells Us About What Comes Next
- An Unprecedented Lack of Liquidity: What the Options Market Tells Us About What Comes Next
- One of the Fastest Corrections in History: What the Options Market Tells Us About What Comes Next
- Danger in Market Calm? What the Options Market Tells Us About What Comes Next
- The Two Sides of Volatility | Inside the January Options Expiration
- Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market History
- Tesla, Trump and the Return of Meme Mania | Inside the Flows Driving the Post Election Rally
- Calm Before the Storm or Fuel for a Rally? | Inside Options Flows Heading into the Election
- What Regular Investors Need to Know About Options Flows | Brent Kochuba
- Behind the Scenes of the Recent Market Volatility | The OPEX Effect Ep. 11
- The OPEX Effect: July 2024 | Inside What is Driving This Weird Market
- The OPEX Effect: June 2024 | GameStop Retrospective, Call Imbalance and Massive NVDA Interest
- The Kitty is Roaring Again - Volatility Is Not | The OPEX Effect: May 2024
- The Return of Volatility
- The Nvidia Conundrum | The OPEX Effect | March 2024
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