Options Update: How to Play Ambarella

The video discusses the quiet stock market in August, highlighting the challenges faced by options traders due to low implied volatility. It anticipates upcoming economic events like nonfarm payrolls and the FOMC meeting, which may introduce market volatility. The video also analyzes Ambarella's trade strategy, linked to GoPro's production changes, and speculates on potential Federal Reserve interest rate hikes, which could impact market dynamics.

What is the significance of the FOMC meeting mentioned in the text?

What are the expectations for Ambarella's performance in the upcoming quarter?