Volatility Visualizer let's you see the expected range of a stock with a visual representation of the straddle along with supporting historical metrics.

The Volatility Visualizer charting tool, built specifically for thinkorswim, allows traders to plot the upper and lower Expected Move Bands using the implied volatility data that’s provided from the options market.

How it Works

The green lines are the upper monthly bands. The red line is the lower monthly implied volatility bands. Traders can monitor the Implied Volatility moves of the weekly options as well. The blue line is the top of the expected move for a weekly, and the yellow is the bottom of the expected move.

Notice how the yellow and blue lines act as support and resistance? Those are crucial levels that help us find high probability trades.

Volatility Visualizer Includes a Powerful Scanner

The scanner included with Volatility Visualizer allows you to search for our favorite set-ups. Let’s scan for stocks that meet a few conditions:

1. The stock needs to be optionable
2. The stock is trading outside the weekly expected move (big weekly jump)
3. The stock is trading inside the monthly expected move (small monthly jump)

This is an example of one of our favorite scans to find Breakout Trades.