Ahead of FOMC and NFP data on Friday, options pricing for SPY JAN 30 and FEB1 261 and 267 strikes reveal that trade has a high probability of remaining within the current 7-day trading range through JAN 30 expiry. Current probability of exceeding a 1-sd dev move by FEB 1 expiry is approx 41%
Comment:
Options pricing and analysis is on SPY