A Look at Tomorrow's Trading: $AAPL and its Implied Range

Would it be nice to know the range for Apple's trading tomorrow?  It could be useful.  Here's a cool indicator that I coded and have been playing with quite a bit lately.  It's a band of the trading range for tomorrow that is derived from the implied volatility of Apple's options and I call it tomorrow's "implied range".  Here's a screen shot:

A crystal ball?  Not quite.  But it is a cool way to see which direction that tge market has a bias for.  I run these numbers for the entire S&P500 on a daily basis to see what tomorrow's implied range and what next month's implied range is for every stock.  I track these number in a spread sheet.  I'm still figuring out how to incorporate this into other aspects of my trading..it seems to have some good potential.

So, for what it's worth, the options market is predicting that $AAPL will trade down tomorrow.  Since Apple is a Leader in the market, this might drag down the entire market.  It might be nice to know how many stocks in the S&P500 the options market is predicting will trade higher or lower...that could provide a nice edge going into the trading day.

I hope everyone's ready for another great trading week.

TLT

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As someone was nice enough to point out...today is president's day so the markets are closed.  This range would be the implied range for the next trading day which is Tuesday.