SPDR S&P 500 ETF Trust (SPY) IV at 38 after 7% rally

SPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 38; compared to its 52-week range of 10 to 77 into Fed Chair Jerome Powell will give an update on the economy Thursday at 10 a.m. in a webcast.

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