Smashing Volatility

Smashing Volatility

SPY Ex-Div Trade

Fed meeting a vol bonus

Scott Murray's avatar
Scott Murray
Sep 05, 2025
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This is a trade I do every quarter, it works most of the time. When it doesn’t it’s usually because the market is in a steep ramping mode, which often happens during June opex (thus the spreads end up too far in the money), or in December when vol collapses due to holiday vol smash. But as I highlighted yesterday, when vol gets too cheap into a quarterl…

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