Options Spy | SPY options suggest that the volatility pattern is difficult to break
@OptionsBB:
The latest U.S. inflation data came in broadly higher than expected, reinforcing speculation that the Federal Reserve won't be rushing to cut interest rates. This poured cold water on market expectations for a potential Fed rate cut as soon as June. Major U.S. indices opened lower and declined, with the 10-year Treasury yield spiking close to 4.5%. The hotter-than-expected inflation weighed on stocks amid diverging investor views on the Fed's policy outlook.The S&P 500 futures (SPY) options market showed an overall slightly bullish trading bias, with call option open interest rising further, but put open interest remained elevated above its 52-week average level.Due to key CPI data and Fed minutes releases this week, new options positioning was mainly concentrated in options expiring t