The S&P 500 Index ($SPX) is expected to see significant movement by the end of Friday, driven by the release of the Non-Farm Payrolls (NFP) jobs number. Options are pricing in about a 1% move for $SPX and $SPY, with implied volatility around 24. The expected range for $SPX is between 5755 and 5630, and for $SPY, it is between 573 and 561.50. A 65-point move is anticipated, with the 5700 strike acting as a potential magnet. JPM Desk scenarios suggest various outcomes based on NFP results: over 200k jobs could see $SPX flat or up 0.5%, while less than 110k jobs could lead to a 1.25-2% drop. A 56-point range is also being priced in for $SPX tomorrow, with a 20% chance of 110k-140k jobs leading to a 0.5-1.5% fall, and a 30% chance of 160k-200k jobs resulting in a 1-1.5% increase.