EWA Forecast


Bullish Case: EWA's historical returns indicate strong potential for upside, reinforced by favorable implied volatility levels and a positive Helium AI forecast. Increasing call option volume suggests bullish sentiment.


Bearish Case: EWA's options term structure in backwardation and high implied volatility suggest potential downside risks. Additionally, the Helium-Uncertainty model flags a slight increase in volatility, indicating market nervousness.


Potential Outcomes: Bullish: 60% (upside moves indicated by options volume and historical returns). Neutral: 20% (market currently lacks strong AI bias). Bearish: 20% (backwardation and volatility risks).


Trading Oracle: To profit from EWA's potential upside, consider a bullish long volatility debit spread: Buy 2 Aug 16 $24 calls at $0.865 and sell 1 Aug 16 $25 call at $0.905. Capture upside and hedge against volatility, targeting a short-term duration of under one month for optimal returns.


July 21, 2024


BlackRock Institutional Trust Company N.A. - iShares MSCI Australia Forecast

EWA      BlackRock Institutional Trust Company N.A. - iShares MSCI Australia











Correlated Assets

Assets that tend to move strongly with EWA



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.87)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.38)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.56)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.62)



Uncorrelated Assets

Assets with little price relationship to EWA



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.38)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.56)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.62)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.87)



Anticorrelated Assets

Assets that tend to move strongly against EWA



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.87)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.38)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.56)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.62)





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