Standard Deviation Models

The standard deviation model can be used for options traders that are selling options contracts to collect a premium to identify a specific range of strike prices which are optimal for selling based on the underlying asset’s historical price fluctuations. Traders will be able to identify the statistical likelihood that their options contract will be in the money (ITM) or out of the money (OTM).
Basic statistics of normal distributions (probability curve):
-1 SD to +1 SD = 68% likelihood
-2 SD to + 2 SD = 95% likelihood
-3 SD to +3 SD = 99% likelihood
The standard deviation model can be used for options traders that are selling options contracts to collect a premium to identify a specific range of strike prices which are optimal for selling based on the underlying asset’s historical price fluctuations. Traders will be able to identify the statistical likelihood that their options contract will be in the money ( ITM ) or out of the money (OTM).
Basic statistics of normal distributions (probability curve):
-1 SD to +1 SD = 68% likelihood
-2 SD to + 2 SD = 95% likelihood
-3 SD to +3 SD = 99% likelihood
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ProfessorSatoshi directly.
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ProfessorSatoshi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.