Ahead Of Today's $2.4 Trillion "Record" OpEx, VIX Is The Most Underpriced Since Q3 2008

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by Tyler Durden
Friday, Jul 21, 2023 - 01:23 PM

As we previewed in far more detail yesterday, today is the largest July options expiration in history, driven by continued growth in index and ETF options volumes.

According to Goldman estimates, over $2.3 trillion of notional options exposure will expire including $500 billion notional of single stock options at the close, and $1 trillion in index options at the open.