exlux99

Short and Long Iron Condor SPX 05 May 2022

CME_MINI:ES1!   S&P 500 E-mini Futures
We can estimate with a 84% confidence that the volatility for today is going to be below 1.65%
For this the market will stay within
TOP 4371
BOT 4230

At the same time We can estimate with a 86% confidence that the volatility for today is going move more than
0.4% based on the last 5658 Daily candles.
For this the market will stay above the
TOP 4306
BOT 4272

From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently
we are in a short relief moment, where we can have for some days/weeks a small bull trend

For today we have no big volatility news, so we cant expect big surprises.


From volume point, we can see that the point of concentration is around 4300-4285

Having said that we have 2 different ways of trading for today

IRON CONDOR for the first option, with the 4370sell 4400buy Call / 4230sell 4200buy Put
Reverse IRON CONDOR for the second option wiht 4305buy 4330sell Call/ 4275buy 4250sell PUT

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