Next Week Expected Move ($41) + Gravity Points
This is the most spectacular rally I've ever traded.
We cruised above last week's $46 expected move. Actual Move? $74
So we broke outside the expected move, and yet this coming week's expected move is only $41? What's the deal?
Well it's only a 4 day trading week. So the options market did increase their volatility. $41/4 days = $10.25 vs. $46/5 = $9.20
Despite Monday being closed for the U.S., keep a very close eye on China Sunday night as they're releasing GDP numbers..
We cruised above last week's $46 expected move. Actual Move? $74
So we broke outside the expected move, and yet this coming week's expected move is only $41? What's the deal?
Well it's only a 4 day trading week. So the options market did increase their volatility. $41/4 days = $10.25 vs. $46/5 = $9.20
Despite Monday being closed for the U.S., keep a very close eye on China Sunday night as they're releasing GDP numbers..
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