Disclaimer
This is for informational purposes only.
Discussion
Trade: Bought SPY $458 calls expiring today for 23 cents.
Rationale: VVIX has leaked lower all day and is now down circa -2% on the day. I could see SPX spiking 2% up to around $463 on the FOMC statement, which would turn these calls into $5 for a 23.8x gain. I would then quickly flip those into 0DTE puts because I firmly believe SPX will sell off on a hawkish Powell presser.