If so, how do you use it in your trading when it comes to binary events or managing positions in a trading week. I personally use it as a gauge for likelihood continuation or pull back for the major indices within a given week and going into following week. It's helped me gain better market perspective and manage positions. whether long or short a position, it helps if the indices still has room to move in that direction within this context. Curious to get others thoughts.
How do you define weekly expected move? Does this simply mean in line with the long-term trend or that the expected move responds to the prior week's / weeks' moves?
https://www.tastytrade.com/definiti...ve is the amount,close to the expiration date. the weekly expected move tells you likely hood of a stock/index stays inside a certain range based on implied vol of the options chain. it's basically considered 1 standard deviation from the prior week close, and generally there's 68% chance a stock stays within that range