Global economic events can have a significant impact on the markets. What you hear in the news may not tell you everything you need to know. There may be other indicators that may tell a better story. Traders need to look for these set of market indicators.
Options have time decay, or theta, which is why as an option approaches expiration, it may lose extrinsic value. If you want to maintain a certain level of theta for a particular strategy, monitor your positions closely.
Average True Range (ATR), Bollinger Bands, and Chaikin Volatility Indicator (CVI) can help options traders identify high volatile stocks. Throw in the ImpVolatility indicator and see how well all these indicators correlate.
Useful thinkorswim tools you can use are the Heat Map, volatility calculation and Mobile Trader. Find out which stocks are moving, different ways to calculate volatility and share charts on Mobile Trader.
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