Options are pricing in big stock swings on NFP Friday

The US jobs report is due at 8.30am US Eastern time on Friday, September 6, 2024 (1230 GMT):

• Preview: Why August non-farm payrolls frequently disappoint
• What would it take from non-farm payrolls to get a 50 basis point cut?
• Goldman Sachs NFP preview, say that August payrolls often have a negative bias initially
• Friday’s NFP result could prompt a 50bp rate cut by the Federal Reserve

Morgan Stanley say options are pricing big swings:

• S&P 500 projected to move 1.1% in either direction
• iShares Russell 2000 ETF 1.8%
• Invesco QQQ Trust ETF 1.4% move

This via Twitter on major bank expectations:

This article was written by Eamonn Sheridan at www.forexlive.com.