ERY Forecast + Trading Strategies


Bullish Case: ERY has a history of mean reversion, and recent spikes in implied volatility highlight potential for short-term gains.


Bearish Case: Historical price actions suggest long-term decline with continued downward pressure, exhibiting predominantly negative returns.


Potential Outcomes: Continued decline: 65%. Short-term rally: 20%. Moderate flat movement: 15%. Projections based on historical trends, volatility, and AI insights.


Trading Oracle: Implement a bearish credit spread with Oct. 18, 2024, expiry. Sell $22 put (high market volatility implies premium benefit) and buy $21 put. Expected profits through benefit of time decay with a high probability-of-profit based on historical price action.


July 20, 2024


Direxion Daily Energy Bear 2X Shares Forecast

ERY      Direxion Daily Energy Bear 2X Shares











Correlated Assets

Assets that tend to move strongly with ERY



VFC Forecast + Options Trading Strategies   VFC  VF (0.59)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.46)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.59)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.98)



Uncorrelated Assets

Assets with little price relationship to ERY



LI Forecast + Options Trading Strategies   LI  Li Auto (0.46)


VFC Forecast + Options Trading Strategies   VFC  VF (0.59)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.59)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.98)



Anticorrelated Assets

Assets that tend to move strongly against ERY



VFC Forecast + Options Trading Strategies   VFC  VF (0.59)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.46)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.59)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.98)





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