QQQ Volatility 02 June 2022

2 giu 2022

QQQ Volatility 02 June 2022
The current percentile of QQQ is around 72.22%.
The current implied volatility is around 33.01 -> which translates into a daily movement of 2.08%
At the same time, this translates in an aproximate +-6.5$ movement

For this we can assume close to 85-90% probability of efficiency based on the last years data.

Based on this our channel for today is going to be, assuming the opening price is 306
TOP 306 + 6.5 ~= 312.5
BOT 306 - 6.5 ~= 299.5
This strategy is perfectly suited for an iron condor

At the same for those that are looking for entry points in case they want to go long call/put or a reverse iron condor,
instead of normal iron condor we can make use of next data:
Based on the last years, we can expect that the asset is going to move more than 0.53% which translates into a +- 1.6$ movements.
And this comes with a 75-80% probability based on the last years.

TOP 306 + 1.6 ~= 307.6 => as an entry point for long where we can use the opening price as a stop loss
BOT 306 - 1.6 ~= 304.4 => as an entry point for short where we can use the opening price as a stop loss