Options Decision Dashboard CPR, Expected Move & Day TypeOverview
An index option buyer loses to theta unless the day actually moves. So the first question isn't "which way?" — it's "will this session trend at all, and is implied volatility cheap enough to pay for the ride?"
This dashboard answers that in one panel, before the session gets going:
DAY TYPE — from the Central Pivot Range. Narrow CPR historically precedes trending days; wide CPR precedes rangebound ones.
DIRECTION — from where price sits against the CPR, plus the two-day pivot-range
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