I agree with the general knowledge aspects affecting market direction. @headstrong007, do you also think option buyers will be effected even if they book low? Like in the 7 to 10% bracket?
Say Average intraday movement is about 30% now, where u are targetting 7-10% which is 20-30% of total movement. Now, movement size reduced to 20%, your target will also be going to reduce in the same percentage, ie 20-30% of 20% is only 4-6%.
We, need to find out the possible effect on new movement in percentage first, then we need to adjust all things mathematically.
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