23-03-2025
Options Market Focused on Jobs and Inflation Over Tariff Reveal
By , Christian Dass, and Bernard Goyder
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While investors are eyeing warily Donald Trump's tariff 'Liberation Day' on April 2, options markets show it's far from the only event on the calendar.
Implied volatility for S&P 500 Index options is elevated for a couple of particular days in the next two weeks, signaling greater demand for protection against big market swings then. That kink in the volatility curve is bigger for March 31 — just after the Core PCE Price Index, the Federal Reserve's favored inflation measure, is released — and for April 4, when monthly US unemployment data come out.