Go to the analyze tab, then click on the Probability Tab towards the middle of the screen. You change sigmas in the prob range box.
Rally Are those June or July, seems a bit aggresive do to the fact that the dow just broke thye neckline in a head and shoulders pattern
June, its purely a very short term directional bet, will close on the bounce when the volty collapses. The dow is of little concern to me. I hardly even watch that thing. Besides, i had teh same spread for $1.2 2 weeks ago, i dont see how today is any worse than two weeks ago.
Agreed. DJX isn't very useful in directional forecasting. I also like your position. 1245 is still the strong support line for me. I've been toying with the idea of balancing out that unbalanced IC I've got. [edit] also I'm expecting a move back up towards 1280 by next Tuesday accompanied by a >200bp drop in vols.
Interesting article on page 12 in Option Trader Mag... http://www.optionstradermag.com/trac5oh/OptionsTrader0606.pdf