ELA Forecast


Bullish Case: ELA’s options volatility is elevated, suggesting significant potential for rapid upward price movements. Positive mean reversion behavior, coupled with favorable surface historical returns, implies a promising outlook.


Bearish Case: High implied volatility and mean reversion hint at potential downward corrections. The historical return surface shows frequent low returns or even losses for holding periods up to one year.


Potential Outcomes:

1. Continued high volatility (70%) – driven by current market uncertainty.

2. Price stabilization (20%) – as market absorbs recent data.

3. Sudden price drop (10%) – due to unforeseen negative news.


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June 24, 2024


Envela Forecast

ELA      Envela











Correlated Assets

Assets that tend to move strongly with ELA



ICLN Forecast + Options Trading Strategies   ICLN  BTC iShares Global Clean Energy (0.85)


NEP Forecast + Options Trading Strategies   NEP  NextEra Energy (0.85)


ETWO Forecast + Options Trading Strategies   ETWO  E2open Parent (0.81)


RH Forecast + Options Trading Strategies   RH  RH - (0.78)


BIP Forecast + Options Trading Strategies   BIP  Brookfield Infrastructure (0.78)



Uncorrelated Assets

Assets with little price relationship to ELA



SMAR Forecast + Options Trading Strategies   SMAR  Smartsheet (0.0)


DKS Forecast + Options Trading Strategies   DKS  Dicks Sporting Goods (-0.0)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (0.0)


LZB Forecast + Options Trading Strategies   LZB  La-Z-Boy (-0.0)


SPGI Forecast + Options Trading Strategies   SPGI  S&P Global (0.0)



Anticorrelated Assets

Assets that tend to move strongly against ELA



NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (-0.57)


CBOE Forecast + Options Trading Strategies   CBOE  Cboe Global Markets (-0.59)


CME Forecast + Options Trading Strategies   CME  CME (-0.65)


USAC Forecast + Options Trading Strategies   USAC  USA Compression (-0.74)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.76)





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