CHY Forecast


Bullish Case: Given CHY 200-day moving average volatility, recent price improvement may trigger short-term bullish continuation. With a high dividend yield at 10.45% and institutional additions [defenseworld.net], there’s upside potential for increasing returns.


Bearish Case: CHY is currently trading below its 200-day moving average [defenseworld.net], with short-term negative price actions, down 8.2% in the last 90 days [Helium]. This suggests potential continued bearish momentum, compounded by recent HeliumTrades' neutral forecast [Helium].


Potential Outcomes:

1. Short-term negative price fluctuations (~60% likelihood).

2. Moderate yield-driven buying support (~30% chance).

3. Wild volatility due to macroeconomic factors (~10% likelihood).


Trading Oracle: Recommend bearish credit spreads (Helium Short Volatility) due to current downward trend and mid-term price weakness. Focus on 30-60 day outlook to capitalize on continued short-term declines, optimizing risk and reward.


June 19, 2024


Calamos Convertible and High Income Forecast

CHY      Calamos Convertible and High Income











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CTSH Forecast + Options Trading Strategies   CTSH  Cognizant Technology (0.68)


ADSK Forecast + Options Trading Strategies   ADSK  Autodesk (0.66)


GPN Forecast + Options Trading Strategies   GPN  Global Payments (0.66)


DBRG Forecast + Options Trading Strategies   DBRG  DigitalBridge (0.65)



Uncorrelated Assets

Assets with little price relationship to CHY



ALC Forecast + Options Trading Strategies   ALC  Alcon (0.0)


ON Forecast + Options Trading Strategies   ON  ON Semiconductor (0.0)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (0.0)


PPSI Forecast + Options Trading Strategies   PPSI  Pioneer Power (0.0)


FIGS Forecast + Options Trading Strategies   FIGS  Figs (0.0)



Anticorrelated Assets

Assets that tend to move strongly against CHY



MAG Forecast + Options Trading Strategies   MAG  MAG Silver (-0.51)


LNTH Forecast + Options Trading Strategies   LNTH  Lantheus (-0.52)


PNW Forecast + Options Trading Strategies   PNW  Pinnacle West (-0.55)


SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.55)


QID Forecast + Options Trading Strategies   QID  ProShares UltraShort QQQ (-0.71)





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