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EDC Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: The EDC options imply strong bullish sentiment, indicated by higher trading volumes and significant call activity. Historical return patterns show a favorable return likelihood for holding longer, reinforcing potential gains.



Bearish Case: High implied volatility signals increased market uncertainty and risk of sharp downturns. Historical data suggests a potential for negative returns if external pressures or geopolitical tensions escalate.



Potential Outcomes:

1. 40% chance of EDC rising to $38 due to market recovery;

2. 30% flat movement around $34;

3. 30% risk of a drop below $30 spurred by heightened volatility.



Trading Oracle: Implement a bullish long volatility debit spread: Buy EDC 34.00 C expiring 01/17/2025 and sell EDC 36.00 C expiring 12/20/2024. This strategy capitalizes on expected upward movement and high implied volatility while limiting risk exposure.


November 03, 2024


Direxion Daily Emerging Markets Bull 3X Sh Forecast

EDC        Direxion Daily Emerging Markets Bull 3X Sh

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Correlated Assets

Assets that tend to move strongly with EDC


SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.9)


AM Forecast + Options Trading Strategies   AM  Antero Midstream (0.9)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.9)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.89)


VT Forecast + Options Trading Strategies   VT  Vanguard Group, Inc. - Vanguard Total World Stock (0.89)



Uncorrelated Assets

Assets with little price relationship to EDC


DKNG Forecast + Options Trading Strategies   DKNG  DraftKings (-0.0)


NET Forecast + Options Trading Strategies   NET  Cloudflare (-0.0)


BOH Forecast + Options Trading Strategies   BOH  Bank of Hawaii (0.01)


ELAN Forecast + Options Trading Strategies   ELAN  Elanco Animal Health (0.01)


SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against EDC


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.83)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.83)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.84)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.84)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.87)







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