Bollinger Bands and High VOL Assets

Like Oil and Vinegar

Yesterday on Discord, an astute Douglas Cassel, asked this great question:

TN. I am wondering whether the max pain trade in BTC is to remain within the Bollinger bands, as there appears to be a lot of option bets on moves both ways.

This was my answer:

You cannot stay within the bands and remain a High Vol product. That is not really how those Bands work. …