Why SPY was going to drop at least 10% more after March 19 FOMC

Michael Esther
04-10

I correctly explained why $SPDR S&P 500 ETF Trust(SPY)$ was going to drop at least 10% more after March 19 FOMC here:

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The ultimate trade to trade for SPY is when $Cboe Volatility Index(VIX)$ hits 80+ and heading towards 100+ At these prices take SPY 30-50 points out of money and expiry 3-4 weeks.

So if VIX is at 95 and SPY is at 410 take these:

SPY calls $440 for June 2025.

This is a low risk and high reward trade is VIX most likely will collapse back to 50 quickly while SPY will spike up fast in recovery.

The volatility and uncertainty of market will subside will good news.

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