AMAZON 9 - 13 May The weekly VXAZN-> Volatility Index for AMAZON Implied = 50.24 In this we have to standard it for weekly session 39.02 / sqrt(52-> 52 weeks in a year) = 6.97%
My historical product is telling me with 1x coficient that the expected movement for this week E Volatility = 51.59 / sqrt(52) = 7.15%
With this data, from my calculations, when EV > VIX, there were a 83% chance that the market stay within the bottom and top created with the ranged from the E Vol
So for next week this range for us is going to be TOP - 2460 BOT - 2131
Does it matter about the readings to identify a direction change? today 57.86 as high and has not crossed 02/03 high
exlux99
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@letslearn, In general my data is more for finding the range where the asset is going to be traded, I dont care abotu direction since I can benefit from knowing the range(iron condor). For direction I have other trend strategies mainly designed to buy calls or puts