Iron Condor Weekly Expiry 400 points away from Spot in Nifty

Okay , So Margin Requirements will be high.

I was going through article from option alpha regarding selecting strike prices for iron condor based on volatility.

I was searching for indicator which will show probability or range of scripts for 1st std deviation ,2 nd std deviation.

I find Bollinger band which is giving range script where the probability of price remain in range in 66% or 1 st standard deviation from Karthik’s post.

Pls let me know if there is any indicator which is showing range as below pic in chart.

Snap-

image

Thanks…

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