Is weekly expected move a useful indicator?

S

spectastic

If so, how do you use it in your trading when it comes to binary events or managing positions in a trading week.

I personally use it as a gauge for likelihood continuation or pull back for the major indices within a given week and going into following week. It's helped me gain better market perspective and manage positions. whether long or short a position, it helps if the indices still has room to move in that direction within this context.

Curious to get others thoughts.
 
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tomorton said:
How do you define weekly expected move? Does this simply mean in line with the long-term trend or that the expected move responds to the prior week's / weeks' moves?
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https://www.tastytrade.com/definiti...ve is the amount,close to the expiration date.

the weekly expected move tells you likely hood of a stock/index stays inside a certain range based on implied vol of the options chain. it's basically considered 1 standard deviation from the prior week close, and generally there's 68% chance a stock stays within that range
 
tomorton said:
How do you define weekly expected move? Does this simply mean in line with the long-term trend or that the expected move responds to the prior week's / weeks' moves?
More...

lol, I was betting that somebody was gonna fall for the trap.
 
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