SPDR S&P 500 ETF $675 Call Options Jump 24,650% on Geopolitical Cue
SPY futures rose 0.47% in premarket trading after President Trump suggested the Iran-U.S. conflict could soon end, boosting investor sentiment. At the same time, SPY $675 strike call options soared 24,650% from $0.02 to $4.95 within 80 minutes, reflecting extraordinary options market activity.
1. Futures Gain on Geopolitical Developments
SPY futures climbed 0.47% in premarket trading following comments suggesting the Iran-U.S. conflict may be nearing its end, lifting risk appetite and driving demand for the benchmark equity ETF.
2. $675 Strike Call Options Spike 24,650%
The $675 strike SPY call options surged 24,650%, rising from $0.02 to $4.95 within 80 minutes of trading, marking one of the most dramatic moves in the ETF’s recent options history.
3. Bond Yields and Fed Rate Expectations
The 10-year Treasury yield held at 4.10% and the two-year at 3.54%, with markets pricing a 97.4% chance of the Federal Reserve keeping rates unchanged in March, offering supportive conditions for equity ETFs.