Offsides Macro | The Offsides Positioning Index (OPI)
Offsides Macro
· Offsides Macro
· July 20, 2026 at 13:08
· ⏱ 1 min read
| Read on Substack ↗
Summary
The author argues that tracking positioning extremes and narratives is the key to consistent macro trading, and introduces the Offsides Positioning Index (OPI) as a proprietary factor to quantify and backtest this concept. The article is an educational overview of the framework, not a market call or trade recommendation.
•The Offsides Positioning Index (OPI) was created by the author because no existing index captured 'offsides positioning' in macro markets.
•The author published a white paper titled 'Offsides Positioning as a Factor in Systematic and Discretionary Macro' earlier this year.
•The OPI framework is used to identify positioning extremes, narratives, inflection points, and market reflexivity for repeatable trading decisions.
•The author provides a 1-page tear sheet and a full white paper for deeper exploration of the methodology.