$SPDR S&P 500(SPY.US)

02/03/2026

Today's opening price is $696.210,

The options to be opened are $SPY 260203 697 Put(SPY260203P697000.US)

and $SPY 260203 696 Call(SPY260203C696000.US)

$SPY 260203 697 Put(SPY260203P697000.US) opened at $1.39,

$SPY 260203 696 Call(SPY260203C696000.US) opened at $1.66;

At market open, Longbridge's options calculator showed Put/Call IV at 11.20%/10.80%,

12:50 pm at 25.50%/15.40%;

Amplitude ranged from 0.30% at 09:46 am to 1.38% at 12:50 pm;

$SPY 260203 697 Put(SPY260203P697000.US)

Opening IV returned to normal with low slope,

Unable to determine direction temporarily,

$Pro Ultr Cvix Shrt Futures(UVXY.US)

Intraday amplitude was small, suggesting limited downside,

Continued decline after 12:12 am exceeded expectations,

$Invesco QQQ Trust(QQQ.US)

Opened with clear downward trend,

Driven by $NVIDIA(NVDA.US)'s decline,

$SPY 260203 695 Put(SPY260203P695000.US)

09:54 am $1.25 => 10:03 am $2.98,

The main issue was failing to identify the direction,

Missing a good shorting opportunity,

$SPY 260203 692 Put(SPY260203P692000.US)

11:00 am $0.90 => 11:32 am $1.98,

Double top couldn't break through at this level,

Triggering second round of decline,

$Direxion Daily TSLA Bull 2X Shares(TSLL.US)

Performed slightly stronger than $NVIDIA(NVDA.US),

Could attempt long position with stop-loss if $16.300 holds at 10:24 am,

After three rebounds, finally hit bottom at 11:25 am, attempting long position.