Big Rally Collides with Oil and Rate Reality | What the Options Market Says Comes Next
SpotGamma founder Brent Kochuba joins Jack Forehand to break down September options expiration, the S&P 500's negative gamma risk, and what options positioning reveals about potential stock market vol...
12 Sep 59min
Big Semi Decline. Big Rally. Big Macro Risk | What the Options Market Says Comes Next
In this episode of The OPEX Effect, Jack Forehand and SpotGamma founder Brent Kochuba break down how options expiration, 0DTE trading, dealer gamma and leveraged flows are shaping the stock market. Th...
15 Aug 51min
Not Since the Dot-Com Bubble | The Vol Signal Flashing for the First Time in 20 Years
Brent Kochuba of SpotGamma is back for The OPEX Effect to explain why July options expiration could remove a major source of market support and open the door to a volatility spike or stock market corr...
11 Juli 1h 4min
SpaceX, OPEX, and the Flows Behind the Biggest IPO in History
In this episode of The OPEX Effect, Brent Kochuba and Jack Forehand break down the market structure impact of the SpaceX IPO, options expiration, dealer gamma, volatility, and the next major setup for...
13 Juni 1h 7min
The Melt Up That No One Expected | What the Options Market Says About What Comes Next
Brent Kochuba of SpotGamma joins Jack Forehand for the May 2026 OPEX Effect to break down what options positioning is saying after a massive AI and semiconductor-led market rally. They discuss SPX cal...
9 Maj 1h 6min
The Market the Tweets Can’t Break | What the Options Market Tells Us About What Comes Next
This episode of The Opex Effect breaks down why markets have remained surprisingly resilient despite geopolitical chaos, an oil shock, and extreme headline risk. Brent Kochuba joins Jack Forehand to a...
11 Apr 1h 8min
A 3% Drop from VIX 40 | What the Options Market Tells Us About What Comes Next
This episode breaks down the growing tension beneath the surface of today’s markets, where volatility signals, options positioning, and macro risks like war and inflation are increasingly misaligned. ...
20 Mars 1h 9min
Violently Going Nowhere | What the Options Market Tells Us About What Comes Next
In this episode of The Opex Effect, Jack and Brent break down the growing impact of options markets on stocks, volatility, and sector rotation. While the major indexes appear calm, massive moves benea...
15 Feb 1h 6min
