{"id":192248,"date":"2023-06-21T11:30:00","date_gmt":"2023-06-21T15:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=192248"},"modified":"2023-10-05T16:21:42","modified_gmt":"2023-10-05T20:21:42","slug":"0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/","title":{"rendered":"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba"},"content":{"rendered":"\n

There has been a lot going on in the options world that is impacting the stock market. The use of 0DTE (0 days to expiration) options has risen dramatically in recent months, options expirations have continued to be significant market moving events and an end of month trade by a JP Morgan fund many investors haven\u2019t heard of has also been a significant market driver. We also have a major options expiration coming up this week that might have significant implications for the market. With everything going on in the options world, we thought it would be a great time to bring back our friend and options expert Brent Kochuba. Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market. We cover all the issues above and get Brent\u2019s take on what they might mean for investors. He also shares some great charts with us to help us better put everything into context.<\/p>\n\n\n\n

02:22<\/a> \u2013 What are 0DTE options and what do they mean for the market?<\/p>\n\n\n\n

07:06<\/a> \u2013 Who are the primary users of 0DTE options?<\/p>\n\n\n\n

09:22<\/a> \u2013 Is 0DTE use taking away from options in further out expirations?<\/p>\n\n\n\n

10:25<\/a> \u2013 Does the rise in 0DTE option use increase tail risk for the market?<\/p>\n\n\n\n

14:58<\/a> \u2013 How long-term investors should think about the rise of 0DTE options<\/p>\n\n\n\n

16:22<\/a> \u2013 What does the VIX measure?<\/p>\n\n\n\n

19:00<\/a> \u2013 Does the rise in 0DTE option use distort the VIX?<\/p>\n\n\n\n

22:15<\/a> \u2013 What is fixed strike vol?<\/p>\n\n\n\n

28:21<\/a> \u2013 What Brent looks at to measure volatility<\/p>\n\n\n\n

30:36<\/a> \u2013 Is rising volatility in an up market a warning sign?<\/p>\n\n\n\n

33:29<\/a> \u2013 What Brent is seeing in this week\u2019s options expiration<\/p>\n\n\n\n

36:36<\/a> \u2013 What are the common characteristics of market moving options expirations<\/p>\n\n\n\n

39:06<\/a> \u2013 Why the options expiration flip trade has stopped working<\/p>\n\n\n\n

46:23<\/a> \u2013 What Brent is seeing in individual name options<\/p>\n\n\n\n

52:55<\/a> \u2013 What is the JP Morgan collar trade?<\/p>\n\n\n\n

Listen on Apple<\/a><\/p>\n\n\n\n

Listen on Spotify<\/a><\/p>\n\n\n\n

Watch On YouTube<\/a><\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted June 17, 2023 – 0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[455,6,19,13857,8,9,26,3],"tags":[14761,1926,4574,460],"contributors-categories":[13819],"class_list":{"0":"post-192248","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-contributor-podcasts","7":"category-north-america","8":"category-options","9":"category-podcasts","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-0dte","15":"tag-options","16":"tag-options-trading","17":"tag-podcast","18":"contributors-categories-validea-capital-management"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\n0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba<\/title>\n<meta name=\"description\" content=\"Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/192248\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T15:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T20:21:42+00:00\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Contributor Author\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t },\n\t \"headline\": \"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba\",\n\t \"datePublished\": \"2023-06-21T15:30:00+00:00\",\n\t \"dateModified\": \"2023-10-05T20:21:42+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/\"\n\t },\n\t \"wordCount\": 364,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"keywords\": [\n\t \"0DTE\",\n\t \"options\",\n\t \"options trading\",\n\t \"podcast\"\n\t ],\n\t \"articleSection\": [\n\t \"Contributor Podcasts\",\n\t \"North America\",\n\t \"Options\",\n\t \"Podcasts\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/\",\n\t \"name\": \"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"datePublished\": \"2023-06-21T15:30:00+00:00\",\n\t \"dateModified\": \"2023-10-05T20:21:42+00:00\",\n\t \"description\": \"Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t \"name\": \"Contributor Author\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba","description":"Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/192248\/","og_locale":"en_US","og_type":"article","og_title":"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba | IBKR Campus US","og_description":"Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/","og_site_name":"IBKR Campus US","article_published_time":"2023-06-21T15:30:00+00:00","article_modified_time":"2023-10-05T20:21:42+00:00","author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba","datePublished":"2023-06-21T15:30:00+00:00","dateModified":"2023-10-05T20:21:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/"},"wordCount":364,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"keywords":["0DTE","options","options trading","podcast"],"articleSection":["Contributor Podcasts","North America","Options","Podcasts","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/","url":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/","name":"0DTE Options, Fixed Strike Vol and the Impact of Options Expirations with Brent Kochuba | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"datePublished":"2023-06-21T15:30:00+00:00","dateModified":"2023-10-05T20:21:42+00:00","description":"Brent is the founder of SpotGamma and has been our go to resource to understand how what is going on in options is impacting the overall market.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/0dte-options-fixed-strike-vol-and-the-impact-of-options-expirations-with-brent-kochuba\/"]}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/192248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=192248"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/192248\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=192248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=192248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=192248"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=192248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}