Any good strategy if I think ES will have a range of X pts

[SumZero]

Thanks for all the responses.

Just to clarify, let's say ES opening is 2160 and I think total weekly range will be 40 points or more.

It could be a ton of combinations, provided that range is >= 40 pts

If range is exactly 40 points it could be
2160 - 2200
2120 - 2160
or any other combination engulfing 2160 like 2140-2180

BUT, it could be also 50 points, 60 points, 80 points.

If 60 points could be:
2120-2180
2130-2190
2140-2200
and so on

My only assumption is that weekly range will not be under 40 points.

 

[Pekelo]

My only assumption is that weekly range will not be under 40 points.

Fun fact: The ES has been in an 18 points range for the last 10 trading days. That is 2 weeks.

The more you know...But anyway, you could make binary bets for your guess...

 

[newwurldmn]

Thanks for all the responses.

Just to clarify, let's say ES opening is 2160 and I think total weekly range will be 40 points or more.

It could be a ton of combinations, provided that range is >= 40 pts

If range is exactly 40 points it could be
2160 - 2200
2120 - 2160
or any other combination engulfing 2160 like 2140-2180

BUT, it could be also 50 points, 60 points, 80 points.

If 60 points could be:
2120-2180
2130-2190
2140-2200
and so on

My only assumption is that weekly range will not be under 40 points.

Oh. You think it will wider that 40. Buy straddles. And let them go ditm

 

[Martinghoul]

Oh. You think it will wider that 40. Buy straddles. And let them go ditm

Yeah, or 40 wide strangle maybe? Obviously, much will depend on the price.

 

[newwurldmn]

Yeah, or 40 wide strangle maybe? Obviously, much will depend on the price.

atm vol is sub 10. atm weekly straddles are 19 points.

 

[shooter]

Off-topic but I think the purest play would be touch/no touch binary options like betonmarkets, if you are non-US based.

 

[JackRab]

Aren't binary options a scam where the broker is the counterparty and has it stacked towards them?