ERY Forecast + Trading Strategies


Bullish Case: A bullish case can be strengthened by recent increases in call option volumes, signaling market confidence. Additionally, volatility remains high, positioning ERY for potential short-term rallies as energy prices fluctuate due to geopolitical events.




Bearish Case: Market conditions indicate a bearish outlook as historical price trends show a consistent decline, compounded by high implied volatility suggesting investor uncertainty and potential for further downside pressure on ERY prices.




Potential Outcomes:
  1. Continued decline: 50% probability, driven by persistent negative market sentiment.
  2. Short-term rally: 30% probability, spurred by volatility and energy price fluctuations.
  3. Moderate stabilization: 20% probability, as market correction leads to a temporary balance in trading.




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November 17, 2024


Direxion Daily Energy Bear 2X Shares Forecast

ERY        Direxion Daily Energy Bear 2X Shares











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OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (0.67)


TMF Forecast + Options Trading Strategies   TMF  Direxion Daily 20+ Year Treasury Bull 3X Shares (0.64)



Uncorrelated Assets

Assets with little price relationship to ERY



NICE Forecast + Options Trading Strategies   NICE  NICE (-0.0)


QRVO Forecast + Options Trading Strategies   QRVO  Qorvo (-0.0)


PANW Forecast + Options Trading Strategies   PANW  Palo Alto Networks (0.01)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (-0.01)


INCY Forecast + Options Trading Strategies   INCY  Incyte (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against ERY



SU Forecast + Options Trading Strategies   SU  Suncor Energy (-0.79)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.8)


CAT Forecast + Options Trading Strategies   CAT  Caterpillar (-0.8)


FTI Forecast + Options Trading Strategies   FTI  TechnipFMC (-0.82)


EMR Forecast + Options Trading Strategies   EMR  Emerson Electric (-0.84)









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