Market Risks Priced In, May Decline Expected to Narrow to 3%
@OptionsBB:
Fading rate cut hopes and geopolitical uncertainties fueled a sell-off in large tech stocks, leading to a Black Friday for US stocks. The S&P 500 broke below the 4,000 level. The Nasdaq saw its sixth consecutive day of declines, the longest losing streak in over a year. American Express lifted the Dow Jones to close higher.Options market data showed expectations for a narrowing decline in the S&P 500, with a drop of less than 4.4% expected by May 17th. For QQQ, the expected decline narrowed, with a 2.1% drop projected by May 17th. For small-caps, Russell 2000 options implied a tightening range, with a 1.5% decline and 6.7% upside cap expected for May.Details:The $SPDR S&P 500 ETF Trust(SPY)$ options overall showed a slightly bullish tra