Iron Condor SPY 13 May 2022

SPY 13 May 2022

The current implied volatility is at 33%/year
So that converted into daily is 2.08%

Since we are in need of the open price for the highest accuracy, I am going to take the current price
which is 398(you can also wait for the opening price and take +- 8.1 points from the open candle value)


So based on that our channel for today is going to be compressed with a probability chance of 85% within
TOP 406
BOT 390


From fundamental point, today we have no big volatility news that can impact our asset.

At the same time the current values are expected to be sidemarket/bullish.

At the same the weekly expected channel top and bot values for SPY were
TOP 423
BOT 386