Goldman Trader: Stocks Decoupled From Credit & VIX Into $2.9 Trillion OpEx

After being a "must know" event over the past few quarters, tomorrow's 'quad witching' options expiration may play 'second seat' to figuring-out-The-Fed and the financial system fragility fears for now.

However, as Goldman trader and Managing Director Brian Garrett points out, it is not insignificant as around $2.9 trillion notional will expire tomorrow ($1.7tn AM settlement, $1.2tn PM expiry).