“Acceptance” – Trader’s Position For Lower Stock Prices As $1.9 Trillion OpEx Looms

Paul Tudor Jones

Traders will close old positions for an estimated $1.9 trillion of derivatives while rolling out new exposures on Friday. This time around, $460 billion of derivatives across single stocks are scheduled to expire, and $855 billion of S&P 500-linked contracts will expire according to Goldman.  As SpotGamma notes, this expiration is not particularly large for SPX … Read more