Markets 'Reset' Post-OpEx: Goldman Trading Desk Sees Increase In "Lower Vol" Risk-On Trades

As we detailed last week, Friday was option expiry – an event that Goldman Sachs trader Brian Garrett notes has garnered more attention over the last few years than ever before

At exactly nine thirty EST, $2.8 trillion of SPX notional expired on the SQ (coincidentally, this marked the lows of Friday’s session)