Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market History

Join Brent Kochuba and Jack Forehand as they break down December's historic options expiration - the largest OpEx on record. In this deep-dive episode, they explore:Why this December OpEx is uniquely significant with over $1.9 trillion in options value expiringTesla's remarkable 75% surge since November and what the options market signals about its sustainabilityThe fascinating case of MicroStrategy, Bitcoin enthusiasm, and concerning signs of market euphoriaHow major market positioning could impact year-end tradingWhy extremely low volatility and deteriorating market breadth may be warning signsThe stark divide between mega-cap tech performance and the broader market00:00 - Welcome to The OpEx Effect - Biggest Options Expiration Ever00:35 - Why This OpEx Is Different: Record Volumes & Significance02:06 - Understanding Options Market Growth & Impact05:07 - Breaking Down the $1.9 Trillion in Options Value08:42 - Call vs Put Dominance (10:1 Ratio)15:07 - Record Low Volatility & Market Implications19:15 - Tesla's 75% Surge Since November23:30 - MicroStrategy, Bitcoin & Market Sentiment28:45 - Market Breadth Issues & Mega-Cap Divergence35:14 - The "Balloon Pop" Theory of Volatility42:17 - JP Morgan Collar & Market Pinning Effects47:16 - Cost of Portfolio Hedging at Historic Lows50:47 - Warning Signs: Margin Debt & Retail Speculation54:27 - The Problem with MicroStrategy's Premium58:31 - Market Divergence: "Crocodile Jaws"1:01:47 - Final Thoughts & Looking Ahead to January1:04:49 - Closing Remarks & DisclaimerDOWNLOAD THE SLIDE DECKhttps://spotgamma.com/opexMORE INFORMATION ABOUT SPOTGAMMA⁠https://www.spotgamma.com⁠⁠⁠⁠⁠⁠FOLLOW BRENT ON TWITTER⁠⁠⁠https://twitter.com/spotgamma⁠⁠⁠⁠⁠FOLLOW JACK ON TWITTER⁠⁠https://twitter.com/practicalquant⁠