Straddle was build up in small etf TMV (ASSETS UNDER MANAGEMENT is 289.32M), straddle volume is about 10% of average daily volume. Support/resistance levels may work more accurate due to the low liquidity of the given ETF
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.