I Think It Moved

First real movement in weeks today. Janet Yellen is speaking at Jackson Hole on Friday and it seems many of the major sectors are preparing for that speech. Take a look at the financials with implied volatility higher than the indexes. Also, let's burst the myth that all options decay over time. Implied volatility on the SPX options that expire in 2 days are higher than it was yesterday. IV on the SPX is higher this week than any other week for the next several expiration cycles. The market is seeing risk here and now! Here's what to expect this week...