As 'Largest July OpEx On Record' Looms, Goldman's Hedge Fund Honcho Asks "Has Something Inflected In The Market?"

Goldman's John Marshall estimates that today will be the largest July-options-expiration on record driven by a rebound of growth in index and ETF options volumes.

He estimates that over $2.7 trillion of notional options exposure will expire this Friday including $555 billion notional of single stock options.