SPY Ex-Div Plus Fed
A favorite quarterly vol trade includes Fed meeting
It’s that time again, but as opposed to recent quarters when implied vol was in the gutter, we have Trump-vol ‘25/tariff-vol/recession-vol, providing a consistent vol bid which will boost one of my favorite quarterly trades.
SPY ex-dividend/Fed meeting call diagonal spread, short $595 call/long $596 call, net debit, .32:
The three days in the back leg in…