Expected Range Browser
Stats-backed tool that shows you where price is likely to stop or reverse
Stats-backed tool that shows you where price is likely to stop or reverse
Depending on your market view, you can:
• Short from the upper resistance boundary
• Use it as a trend support for long entry
• Hide stop loss order beyond the level
Broadly speaking, there are two levels above and two below for each instrument. However, as an option series approaches expiration, the influence of the series with the highest open interest becomes dominant. Consequently, the count consolidates to just two levels, as this specific series begins to outweigh the others.
The Expected Range is an option based math technique that helps traders understand how much an asset is likely to move within a next trade day. Based on option volatility data and Nobel Prize-winning formula, price movements within the expected volatility corridor have a 68%- 99% probability of staying within those boundaries