Featured

As $4.7 Trillion OpEx Looms, 'Liberation Day' Fear Trumps Gamma Greed

Goldman Sachs estimates that over $4.7 trillion of notional options exposure will expire tomorrow (03/21), including $2.8 trillion of SPX options and $645 billion notional of single stock options.

as 47 trillion opex looms liberation day fear trumps gamma greed

Options expiring tomorrow represent a notional value that is equal to 8.2% of the Russell 3000 market capitalization. This expiration's relative size is lower than March 2024's.

Authored by Tyler Durden via ZeroHedge March 20th 2025