Iron Condor XLE 13 May 2022

XLE 13 May 2022

The current implied volatility is at 36.3%/year
So that converted into daily is 2.3%


Since we are in need of the open price for the highest accuracy, I am going to take the current price
which is 79.3(you can also wait for the opening price and take +- 1.8 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 81.1
BOT 77.5

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 DIA were
TOP 335
BOT 314