With uncertainty around today's FOMC decision (50 or 25bps) at record highs, Goldman Sachs options guru John Marshall recommends buying options to position for FOMC-day volatility.
The opportunity, he notes, is most attractive in ETFs and Single Stock options.
Options imply a +/-1.1% move in S&P 500 for the 18-Sept FOMC meeting; this compares to an average of +/-1.2% move priced into SPX ahead of FOMC meetings since the beginning of 2022.
