S&P 500 Rebound Target 5100, Continued Bets on 5% Decline Longer-Term
@OptionsBB:
With Middle East tensions easing, investors await tech giants' earnings reports and key U.S. inflation data as the S&P 500 reclaims the 5,000 level, ending a six-day plunge. Tech stocks led the broader market rebound, as investors pinned hopes on whether the "super earnings week" can live up to lofty AI expectations.Options market data shows narrowing expected gains for the S&P 500 options, with gains under 2.2% by May 10th. QQQ's expected trading range widens, with continued buying of straddle combinations. Small-cap Russell 2000 options see increased bets on longer-dated put options, suggesting a potential 5.6% decline before June.Details:For the $SPDR S&P 500 ETF Trust(SPY)$ options, the overall traded sentiment is bullish, with sell