I am going to look at the off hours for you IBFs next week. And post comments in other forum.
You are the first person I have heard of doing a strangle AND an IBF into news. Interesting train of thought there! I will check back with more stats on strangles as the week moves on…and hopefully some ideas on how to get the risk down on this trade. Like I said…with such a high probability if I can get that part of the equation to fit…its a good money maker!
Also, I use this site quite a bit…this is a volatility tool. Simply uses the ATR over a specified period of time. Has been pretty spot on regarding movement per day etc when you plug in 10 weeks to the calculation area…You can look at any instrument. https://www.mataf.net/en/tools/02-01-volatility “https://www.mataf.net/en/tools/02-01-volatility”
There are some other cool tools on the site as well if you poke around.