Does anyone use options levels in trading?

January 16th, 2021, 09:35 PM

Hi!

Options levels are catching price by some reasons.
These levels can be drawn on a chart manually or automatically.

Does anyone use it?
And have some history from CME bulletin for these levels?

With best regards

January 21st, 2021, 05:45 PM

Other than the implied move to get a rough indication of the day, I don't.

January 28th, 2021, 08:36 AM

I used them in the past but for me personally intraday S/R is more reliable.

SBtrader82 · February 17th, 2021, 05:52 PM

futs

Other than the implied move to get a rough indication of the day, I don't.

@futs interesting answer, how do you compute the implied move??

February 17th, 2021, 07:22 PM

SBtrader82

@futs interesting answer, how do you compute the implied move??

I usually just use my platforms Expected Move number.

However, you can buy the ATM straddle, and the next strike ITM stangle and divide by two to get an estimate. Thus works on ES and SPX every MWF.

Does anyone use options levels in trading?

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Does anyone use options levels in trading?