Top Goldman Trader: How To Trade Today's Largest November Options Expiration In History

Today brings the eleventh option expiry of 2024, and as Goldman Sachs trader Brian Garrett notes, despite one of the best Sharpe ratio years in history its been a slog...

This is the largest November expiry in the history of option markets...

• implied vols have crashed for good reason,

• gamma is [still] paying,

• trump trades are taking a breather,

• investors (and sales desks) have flipped from cautiously optimistic to full tilt bullish