One handle means just what you posted from what I understand. A price from 1.00 to 1.99. The handle is just reference to the dollar amount it begins with. Easier and clearer than saying the 1 dollar range as it covers the entire range with the reference to 'handle' without implying it is closer to 1.00 than 1.99 or any other price point. That's my take on it fwiw. The March contract is "stretched" quite a ways away from the falling 20ema and if you look at the chart think of price being attached to the 20ema with a rubber band. Once it gets stretched too far it snaps back like a sling shot. Like coming back to the 'mean'. It even tends to poke above the 20ema and can tag the 50ema if close enough or a previous support level that broke down. The chart is telling you what it is most likely to do 'soon'. No guarantee what or when but price will come back to that 20ema as it always does. That is why I said 'if short' to have a stop above price with the current stretch out. I wouldn't trade it long as it is nothing more than a countertrend trade and they have a history of failing. Catching a falling knife can get bloody.