A crude method to ascertain Support and Resistance Levels for any Instrument for the next day.
Resistance :
Call Strikes with I and II Highest O/I (+) CE Option premium of the respective strike prices
Support:
Put Strikes with I and II Highest O/I (-) PE Option premium of the respective strike prices
Keep in mind the change in O/I during the day to ascertain new levels around 1 PM.
Resistance :
Call Strikes with I and II Highest O/I (+) CE Option premium of the respective strike prices
Support:
Put Strikes with I and II Highest O/I (-) PE Option premium of the respective strike prices
Keep in mind the change in O/I during the day to ascertain new levels around 1 PM.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.