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Today (January 21, 2026), we’re getting some lively price action ahead of Vixperation and the Davos discussions, where Donald Trump and European leaders are expected to meet to talk policy, the situation in Greenland, and more. It’s also VIXperation, with monthly VIX options expiring today. Let’s dive into our weekly analysis.
SPX and Put Support
The market sold off about 2% yesterday, but the options data flagged something pretty interesting.
On this chart, you’re looking at SPX price action as of January 20, 2026. The yellow line is our 9:35 intraday snapshot, red is 11:30, white is 2:00 PM, and blue is the end-of-day snapshot from yesterday.
