Stock Market Sees Volatility with Minimal SPY Movement, +11 Points Gained, 560 Key Level

The stock market experienced significant volatility with the VIX index showing erratic behavior. Initially, the VIX was flat, but it later spiked, indicating increased market uncertainty. Despite the volatility, the SPY ETF saw minimal movement, closing up only 25 cents. This lack of significant change was unexpected given the anticipated market moves. Option sellers, particularly those dealing with 0 DTE premiums, benefited from the day's market conditions. Additionally, clients saw gains of +6 points, bringing the daily total to +11 points. A key line in the sand for the rest of the week is 560.