Love that interview! Learned / Re-learned so much ! @jam_croissant showers us with a lot of market 🥐insight ! 

The counter-trend he’s referring to could be due to the large amount of Deep ITM puts that come off the table and thus a big buy-back by market- makers. 

Also February OpEx isn’t such a big sized OpEx relative to the Quarterly ones but March is Massive . 🤷‍♂️.  Attached is a sample of a few declines in 2024 on OpEx and the bounce after : 30 strikes 🪧 at market close ⬇️