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QQQ - Weekly Volatility PotentialGood Morning -- Last week we reviewed the potential of the S&P 500, this week let us take a look at the potential perspective of NASDAQ:QQQ . IV (17.97%) entering the week is trending 31% IVp on the year and has been gradually lowering as price action grinds higher and out of corrective territory -- This is +2.61% more volatile than near-term trending values of HV10 (15.36%) and only -0.57% under HV21 (18.54%), our monthly trending values. Looking towards next week, I expect the CBOE:VIX to continually soften IV values as the broader markets push towards all-time highs this week. NASDAQ:QQQ historical values are coiling to where we will soon need a volatility spike, but not just yet -- my weekly price target here is simple (HV10 upper implied range) $539.44 with wicking potential above to monthly trends (HV21 upper implied ranges) at $541.42. Only time will tell, we can't control the markets but we sure can manage our own risk within them. Remember to always be hedged and come back to join me next weekend as we review the charts for what happened VS our expectation! CHEERS
NASDAQ:QQQLong
by splitmyIVandmelt
4
BITx - Weekly Volatility PotentialGood Morning! Here is my weekly perspective for CBOE:BITX -- From when we reviewed last weekend, IV (84.60%) has lowered -2.39% and is entering the week with a 2% IVp. We have been in this pattern of rotating IV and Bi-Weekly volatility trends back and forth as HV10 (62.69%) entering the week has increased +2.47% from it's respective level entering last week. The prediction of what is to happen is contracting as what is actually happening in the short-term is trending up. Bi-Weekly and Monthly volatility values after being 100% coiled and both putting in new yearly lows a month ago are starting to unwind as they create distance from those exact lows. Could long-term trending means be on the horizon with quarterly values? Bi-weekly will eventually find it's way back there, question is when. Our best advantage, is to continue to track the data and ebb and flow with the markets and macro news. Looking towards this next week, Our HV10 (62.69%) trending values are still contracting under our monthly HV21 (68.45%) trends, but IV (84.60%) although lowering, is reflecting expansion. There is a premium capture past stated IV if we can find means regression back to HV63 (99.07%), as what is happening will expand past what is predicted to happen. As of now this value is 14.97% and equates to a premium capture $8.24 or $88.24 per lot or contract. Again, when IV contracts chasing HV10, but it expands to HV63, we look to collect the premium value difference with the move. Only time will tell, I think we will see another volume push into this week -- Remember to always be hedged and come back to join me next weekend as we review the charts for what happened VS our expectation! CHEERS
CBOE:BITXLong
by splitmyIVandmelt