SPY Volatility 01 June 2022
SPY Volatility 01 June 2022
The current percentile of SPY is around 71.4%
Based on this, we can expect that the market is going to be below the daily volatility, which is around 1.92%,
which at the same time translates in an aproximate +-7.95$ movement
For this we can assume close to 95% probability of efficiency based on the last years data.
Based on this our channel for today is going to be, assuming the opening price is 4130
TOP 413+7.95 ~= 420.95
BOT 413-7.95 ~= 405.05
This strategy is perfectly suited for an iron condor
At the same for those that are looking for entry points in case they want to go long call/put or a reverse iron condor,
instead of normal iron condor we can make use of next data:
Based on the last years, we can expect that the asset is going to move more than 0.8% which translates into a +- 3.3$ movements.
And this comes with a 65-70% probability based on the last years.
TOP 413+3.3 ~= 416.3 => as an entry point for long where we can use the opening price as a stop loss
BOT 413-3.3 ~= 409.7 => as an entry point for short where we can use the opening price as a stop loss
The current percentile of SPY is around 71.4%
Based on this, we can expect that the market is going to be below the daily volatility, which is around 1.92%,
which at the same time translates in an aproximate +-7.95$ movement
For this we can assume close to 95% probability of efficiency based on the last years data.
Based on this our channel for today is going to be, assuming the opening price is 4130
TOP 413+7.95 ~= 420.95
BOT 413-7.95 ~= 405.05
This strategy is perfectly suited for an iron condor
At the same for those that are looking for entry points in case they want to go long call/put or a reverse iron condor,
instead of normal iron condor we can make use of next data:
Based on the last years, we can expect that the asset is going to move more than 0.8% which translates into a +- 3.3$ movements.
And this comes with a 65-70% probability based on the last years.
TOP 413+3.3 ~= 416.3 => as an entry point for long where we can use the opening price as a stop loss
BOT 413-3.3 ~= 409.7 => as an entry point for short where we can use the opening price as a stop loss
🔻My Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻My Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.