Using levels calculated using options data to trade
This is an example of how to use the indicator I built.
I mentioned IV without explaining that it's the "Implied Volatility". Higher numbers indicate that options contracts are more expensive. Reason why I mentioned PLTR is a great candidate to sell covered calls.
Another thing I didn't mention is that the indicator is fully compatible with Pine Screener, allowing you to find tickers where price relative to the walls meet several conditions.
Sorry, I started with PLTR and ended with HOOD, so it's showing HOOD.
IMPORTANT: My explanation of how market makers work is a very simplistic one just for people to understand. Not very accurate, I know.
Enjoy!
I mentioned IV without explaining that it's the "Implied Volatility". Higher numbers indicate that options contracts are more expensive. Reason why I mentioned PLTR is a great candidate to sell covered calls.
Another thing I didn't mention is that the indicator is fully compatible with Pine Screener, allowing you to find tickers where price relative to the walls meet several conditions.
Sorry, I started with PLTR and ended with HOOD, so it's showing HOOD.
IMPORTANT: My explanation of how market makers work is a very simplistic one just for people to understand. Not very accurate, I know.
Enjoy!
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
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