ImpliedMoveSPX✓

SPX used 59% of the move options priced today. At 09:35 the 0DTE straddle priced ±0.44% (34.1 pts) around SPX 7,700. SPX closed 7,720.39, +0.26% from there. Moved more than priced on 0 of the last 5 days. $SPX #SPY #VIX #ES_F

After-hours movers on tonight's earnings, from today's close: Up: CDNA +13.8%, INGM +7.6%, MTX +7.0%. Down: ATEC −32.3%, INTC −19.7%, RBLX −17.9%. #options

VIX futures closed in contango: Nov at 18.15, +5.5% over spot VIX 17.20. That premium is higher than 32% of the last year's closes. A week ago Nov was +1.8% against spot. $SPX #SPY #VIX #ES_F

Expected to report tonight, priced by options: After the close today: $AMZN ±7.9%, INTC ±8.4%. Before the open tomorrow: XOM ±2.4%, ABBV ±4.1%, CVX ±2.5%. #options

Short-dated options still price about what SPX has been moving, so any sale stays small and winged. Don't buy today's straddle at the open. Next week's jobs day looks cheap against its record: plan to own it at Thursday's close. $SPX #SPY #VIX #ES_F

Fear gauge, Wednesday's close: An ordinary VIX with expensive crash protection. VIX 16.91: higher than 46% of the last year's closes. SKEW 148.7: 75%. VVIX 96.6: 52%. $SPX #SPY #VIX #ES_F

SPX used 34% of the move options priced today. At 09:35 the 0DTE straddle priced ±0.52% (40.2 pts) around SPX 7,730. SPX closed 7,743.98, +0.18% from there. Moved more than priced on 1 of the last 5 days. $SPX #SPY #VIX #ES_F

After-hours movers on tonight's earnings, from today's close: Up: PRCH +22.3%, GKOS +18.4%, BHC +12.5%. Down: FTNT −23.7%, NOW −18.7%, SFM −18.2%. FTNT's options priced ±11.9% to Fri. #options

VIX futures closed in contango: Nov at 18.60, +10.0% over spot VIX 16.91. That premium is higher than 54% of the last year's closes. A week ago Nov was +9.3% against spot. $SPX #SPY #VIX #ES_F

Expected to report tonight, priced by options: After the close today: $MSFT ±4.9% to Fri, GOOG ±5.9% to Fri, GOOGL ±6.0% to Fri. Before the open tomorrow: LLY ±6.0% to Fri, MA ±3.1% to Fri. #options

Short-dated options are priced about at what SPX has been moving, so any sale stays small and winged. Don't buy today's Fed-day straddle at the open, and don't buy puts for protection; the richer premium sits further out, in the 30-day. $SPX #SPY #VIX #ES_F

Fear gauge, Tuesday's close: An ordinary VIX with expensive crash protection. VIX 17.52: higher than 57% of the last year's closes. SKEW 149.2: 76%. VVIX 99.5: 61%. $SPX #SPY #VIX #ES_F

SPX used 49% of the move options priced today. At 09:35 the 0DTE straddle priced ±0.33% (25.6 pts) around SPX 7,710. SPX closed 7,722.60, +0.16% from there. Moved more than priced on 1 of the last 5 days. $SPX #SPY #VIX #ES_F

After-hours movers on tonight's earnings, from today's close: Up: UCTT +10.3%, MANH +10.0%, ICLR +9.4%. Down: ENPH −16.0%, INTA −14.6%, BBNX −13.0%. #options

VIX futures closed in contango: Nov at 18.95, +8.2% over spot VIX 17.52. That premium is higher than 42% of the last year's closes. A week ago Nov was +6.8% against spot. $SPX #SPY #VIX #ES_F

FOMC tomorrow (Wed 10-28): SPX options price a 0.76% move, 0.9x a normal session. On the last 14 FOMC days SPX moved a median 37% of what was priced; normal days 59%. $SPX #SPY #VIX #ES_F

Expected to report tonight, priced by options: After the close today: $V ±3.1% to Fri, STX ±8.7% to Fri. Before the open tomorrow: GEV ±6.2% to Fri, SAN ±8.2% to Fri 11-20, APH ±11.0% to Fri 11-20. #options

SPX is through today's priced move, with 5h 50m of trading left. At 09:35 the 0DTE straddle priced 25.6 pts (0.33%) around SPX 7,710. At 10:10 SPX is 7,684, 26 pts below. $SPX #SPY #VIX #ES_F