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As the market approaches a critical week from November 4 to November 8, 2024, heightened implied volatility is anticipated due to the upcoming U.S. presidential election, the Federal Open Market Committee (FOMC) meeting, and various earnings reports. The S&P 500 (SPX) is projected to experience a 2.5% expected move, with short-duration volatility currently around 30. Additionally, a significant range of 150 points is expected in SPX options trading, reflecting traders' anticipation of market fluctuations. The implied volatility for the following week is expected to align with the spot VIX, which is currently in the low 20s.
Most newer traders just trying to guess if stocks will go up or down but if you're an options trader you know this week will offer alot of implied volatility opportunity with that juicy expected move. 150 pts of range expected in SPX. Heck even an expected move butterfly on each…
This will obviously be an eventful week in the market with the election, FOMC, and more earnings. As of now, short duration $SPX vol is about 30 with about a 2.5% expected move in stocks for the week. Next week IV is in the low 20's, about in line with the spot $VIX. The… https://t.co/wKoLkaXe6U
Market Overview - October 27th 2024 | $SPX Index Options & Volatility 👇link in 🧵 https://t.co/iwY6v2nRlB
