exlux99

Weekly Prediction 9-13 May QQQ Iron Condor

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ
9 - 13 May
The weekly VXN-> Volatility Index for S&P 100 index / Nasdaq
Implied = 37.4
In this we have to standard it for weekly session
37.4 / sqrt(52-> 52 weeks in a year) = 5.19%
My historical product is telling me with 1.5x coficient that the expected movement for this week
E Volatility = 38.02 / sqrt(52) = 5.27%

With this data, from my calculations, when EV > VIX , there were a 86.6% 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 - 325.5
BOT - 293

Lets look into an iron condor oppotunity for trading:
325Call Sell - 328Call Buy
293Put sell - 290 Put buy

This is giving us at the current moment a 0.35 expectancy
So taking into account from 1109 weekly candles, that 86.6% of the times the market stay within our top/bot channel,
Our profit margin would be 86.4% * 0.35 - 13.6%*1 = 16.9ROI after 100 trades


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.