This thing loves the 100dMa JC...
For the serious trador lets see how this plays out...
Buuy 265 P
Sell 280 P
B 315 C
Sell 300 C
LOL just wait for the amaies to say this is a bad trade. already up 8.1% and opened this trade within 5 mins of market close
Running this trade on ES futures.
Already in profit as I opened it on Friday at market close, and as long as we open Sunday at 6pm sideways - we are good to go.
Probability of profit is 44% however this will rise as we get closer to exp. Will not plan on holding it all the way to Friday.
Use that formula for predicting swings when running delta neutrals. Any...
As you can see, I had this trade lean towards the long side, as I am more confident we are going to go higher. The spread on that side is tighter. The delta in this trade is 4.44, so a bit more directionally biased then usual.
And yeah 56% statistical probability isn't necessarily much better than just longing, or shorting - but keep in mind where specifically...