CHART OF THE DAY: Volatility Ramping

04/24/24 07:53AM EDT

In today's Early Look, Ryan Ricci laid out the volatility setup for the rest of the week. 

Are you ready for the events ahead? Just this week we have: Meta Earnings tonight, MSFT and GOOGL Earnings Tomorrow, Exxon Earnings Friday, PCE Price Index Friday, Monthly OPEX for Bitcoin Friday. And next week on 5/1 we have the Fed Meeting.

Going into Friday, the market is expecting increased volatility. We remain in negative gamma, so expect to see sizable directional swings in the S&P 500.

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