$SPDR S&P 500(SPY.US)

04/29/2026

The opening price today was $711.000,

$SPY Call Option(SPY260429C711000.US) opened at $2.32,

$SPY Put Option(SPY260429P712000.US) opened at $2.91;

At market open, the Put/Call IV provided by the Longbridge options calculator were 20.40%/20.50% respectively,

at 12:48 it was 20.50%/20.40%;

Volatility ranged from 0.18% at 09:41 to 0.46% at 12:52;

$SPY Call Option(SPY260429C711000.US)

Today's opening IV was higher than the previous few days,

reflecting the market's extreme defensive psychology towards the triple-layered event of "potential hawkishness from the FOMC + after-hours earnings report blind boxes from the four tech giants + tomorrow morning's PCE/GDP stagflation risk",

The market is paying a high price for options as insurance,

leading to a surge in IV.

Based on pre-market AI recommendations today,

I mainly focused on opportunities in $NVDA Call Option(NVDA260429C212500.US),

missing the long opportunities at 09:47 and short opportunities at 10:38 for $SPDR S&P 500(SPY.US),

$SPY Put Option(SPY260429P712000.US)

10:39 $2.23 => 11:15 $3.05, SL $2.00, LONG,

forming a double top together with the pre-market 09:03,

unable to break through, should consider shorting.

Summary:

1️⃣ It's hard for a single stock to have big moves for four consecutive days,

so today $NVIDIA(NVDA.US) didn't have much volatility,

and option prices were also relatively high, couldn't find a suitable opportunity.

According to my habit, I usually don't wait until after 14:00,

so even if Powell's speech later gives an opportunity,

I've decided to go to sleep first.