$SPDR S&P 500(SPY.US)

01/29/2026

Today's opening price is $696.390,

The options ready to be opened are $SPY 260129 697 Put(SPY260129P697000.US)

and $SPY 260129 696 Call(SPY260129C696000.US)

$SPY 260129 697 Put(SPY260129P697000.US) opened at $2.12,

$SPY 260129 696 Call(SPY260129C696000.US) opened at $1.97;

At market open, Longbridge's options calculator showed Put/Call IV at 15.70%/15.30%,

13:36 pm at 16.60%/12.30%;

Amplitude ranged from 0.69% at 09:50 am to 1.76% at 13:36 pm;

$SPY 260129 697 Put(SPY260129P697000.US)

went straight into a downtrend at open,

No fundamental analysis was done pre-market,

and opening IV was relatively high,

so didn't dare to open positions,

$SPY 260129 692 Put(SPY260129P692000.US)

09:41 am $0.85 => 09:46 am $1.71,

Attempted rebound failed,

First entry opportunity,

$SPY 260129 690 Put(SPY260129P690000.US)

09:57 am $1.05 => 10:04 am $2.25,

Second rebound attempt failed,

Upper channel line, could open short positions,

12:50 pm $1.35 => 12:55 pm $1.95,

Rebound failed, further decline,

$SPY 260129 688 Put(SPY260129P688000.US)

10:27 am $1.25 => 10:55 am $3.55,

Broke out of channel, failed to rise,

Third shorting opportunity,

$GraniteShares 2x Long NVDA Daily ETF(NVDL.US)

11:22:16 am $88.1193 => 11:28:40 am $87.7600,SL$87.75,

Stop loss range was sufficient, but low point at 11:28 am was $87.740,

Felt targeted,

Summary:

High IV and it wouldn't come down, should have set a wider stop loss.