### Comment:
Whose formula is that? It should be divided by 2 for realistic expectations.

### REPLY:
i also got 8% implied move for EOW: 
  
 SQRT (DTE/365) \* Underlying \* IV = 
  
 SQRT (2/365) \* 47.25 \* 1.09 = 3.81\~ 
  
 47.25 +/- 3.81 = Between 51.06 and 43.44

### END.