ApexVol

Fed Meeting Options Strategies

Master options trading around Federal Reserve meetings with strategies that account for VIX spikes, rate expectations, and policy surprises.

FOMC
VIX Trading
Macro Events
Last Updated:
15 min read
Reviewed by: ApexVol Trading Team
Fact-checked & Up-to-date

What is Fed Meeting Options Strategies?

Fed Meeting Options Strategies Fed meeting trading involves positioning options around FOMC announcements when interest rate decisions and forward guidance create market-moving volatility.

The VIX typically rises into Fed meetings and drops after, creating opportunities for premium sellers if there are no policy surprises.

Event Characteristics

IV Behavior
VIX rises 1-3 points into meeting, drops after if no surprise
Typical Frequency
8 meetings per year
Best Setups
High VIX, expected rate decision, position post-2pm
Risk Factors
Surprise rate changes, hawkish/dovish pivots, Powell comments

FOMC Schedule Matters

2:00 PM ET: Rate decision released
2:30 PM ET: Powell press conference begins
3:00 PM ET: Market typically settles, vol starts crushing

Frequently Asked Questions

How does the Fed affect options prices?

Fed meetings increase implied volatility as uncertainty rises. The VIX typically rises 1-3 points before meetings. After the announcement, if there's no surprise, volatility collapses. This creates an edge for premium sellers positioning after 2 PM on Fed day.

What is the best options strategy for Fed meetings?

Iron condors on SPY opened after the 2 PM decision (during Powell's press conference) often work well, as they capture the volatility crush that occurs after uncertainty is resolved. Avoid positioning before the announcement unless you have a strong directional view.

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