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Micron earnings implied move

Jun 21 2026

Vol Sellers Shrug off a Hawkish Fed

Line chart tracking SPX implied volatility across multiple expiration dates from June through August 2026, showing volatility decline over time.

Despite a hawkish Fed rattling equities midweek, the market easily and quickly retraced any lost ground by Thursday. With June OPEX now behind us and implied volatility reset toward recent lows, there is a soft feeling of “what’s next?” for the S&P 500 until earnings season ramps up next month. The June FOMC meeting on […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: dealer hedging, FOMC, Gamma Exposure, hawkish Fed, implied volatility, JPM Collar roll, Kevin Warsh Fed, market makers, Micron earnings implied move, negative gamma, OPEX, SPCX options, spotgamma weekly, SPX term structure

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