CHI Forecast



Bearish<β€”>Bullish



80% Confidence




Bullish Case: CHI's historical return graph shows moderate positive returns over longer holds. Social media sentiment is cautiously optimistic, and recent trends show resilience with a 15.4% rise in the past year HeliumHelium.




Bearish Case: Historical and current data suggest moderate market volatility. Implied volatility in SPY suggests potential uncertainty, reflected in CHI’s recent price correction of -0.3% Helium. Future economic downturns could undermine performance .




Potential Outcomes:

1. Stable Growth (30%): Historical resilience and convertible strategies.

2. Moderate Pullback (25%): Economic factors and volatility risks.

3. Continued Uptrend (20%): Positive sentiment and convertible demand.




Trading Oracle: Execute a balanced approach: long volatility debit spreads for bullish long-term positions in CHI, benefiting from modest historical returns. Short-term bearish credit spreads to hedge against implied volatility. Favor 3-6 month trades aligning with historical patterns.



January 04, 2025


Calamos Convertible Opportunities and Income Forecast

CHI        Calamos Convertible Opportunities and Income











Correlated Assets

Assets that tend to move strongly with CHI



APO Forecast + Options Trading Strategies   APO  Apollo (0.85)


ROM Forecast + Options Trading Strategies   ROM  ProShares Ultra Technology (0.84)


HIMS Forecast + Options Trading Strategies   HIMS  Hims & Hers Health (0.83)


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (0.82)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.78)



Uncorrelated Assets

Assets with little price relationship to CHI



UNH Forecast + Options Trading Strategies   UNH  Unitedhealth (-0.01)


OLED Forecast + Options Trading Strategies   OLED  Universal Display (0.01)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.01)


WHR Forecast + Options Trading Strategies   WHR  Whirlpool (0.02)


ACN Forecast + Options Trading Strategies   ACN  Accenture (-0.03)



Anticorrelated Assets

Assets that tend to move strongly against CHI



BCE Forecast + Options Trading Strategies   BCE  BCE (-0.6)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.64)


OPCH Forecast + Options Trading Strategies   OPCH  Option Care Health Inc. - Registered Shares (-0.66)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.74)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.77)









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