DRIP Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: DRIP's elevated implied volatility and increased call volume suggest potential for a bullish reversal, supported by historical mean reversion tendencies.




Bearish Case: Continued negative sentiment and historical downtrends, coupled with high put activity, indicate potential for further declines in DRIP's price.




Potential Outcomes: Short-term rebound (25%), continued decline (55%), sideways movement (20%). Elevated volatility offers both risk and opportunity.




Trading Oracle: Consider a bullish debit spread using the DRIP Feb 21, 2025, 10/11 call spread, leveraging 43% implied volatility. Target $11 with a 3-week outlook. Potential mean-reversion supports positive risk-reward via limited risk exposure. High call volume aids bullish edge.



January 28, 2025


Direxion Daily S&P Oil & Gas Exp. & Prod. Forecast

DRIP        Direxion Daily S&P Oil & Gas Exp. & Prod.











Correlated Assets

Assets that tend to move strongly with DRIP



COMM Forecast + Options Trading Strategies   COMM  CommScope (0.58)


RDFN Forecast + Options Trading Strategies   RDFN  Redfin (0.57)


SMMT Forecast + Options Trading Strategies   SMMT  Summit Therapeutics (0.56)


INFY Forecast + Options Trading Strategies   INFY  Infosys (0.55)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (0.54)



Uncorrelated Assets

Assets with little price relationship to DRIP



APO Forecast + Options Trading Strategies   APO  Apollo (-0.0)


BDX Forecast + Options Trading Strategies   BDX  Becton, Dickinson And Company (0.0)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (-0.0)


BBW Forecast + Options Trading Strategies   BBW  Build A Bear Workshop (-0.01)


WY Forecast + Options Trading Strategies   WY  Weyerhaeuser (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against DRIP



RIG Forecast + Options Trading Strategies   RIG  Transocean (-0.62)


KRP Forecast + Options Trading Strategies   KRP  Kimbell Royalty Partners (-0.67)


UAN Forecast + Options Trading Strategies   UAN  CVR Partners (-0.68)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.72)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (-0.83)









Become a more profitable investor with AI optimized trading strategies






×

Chat with DRIP


 Ask any question about DRIP!