FAS Forecast + Trading Strategies


Bullish Case: FAS shows robust price performance with a consistent uptrend and high bullish risk. Expansionary monetary policies and strong financial sector outlook support further gains.


Bearish Case: FAS's high implied volatility suggests an overstretched rally prone to profit-taking. Market uncertainty, and recent flat trend could signal downside risks.


Potential Outcomes: Moderate rise (45%) due to strong momentum. Sideways trading (35%) on neutral term structure. Downwards correction (20%) from overbought conditions and volatility spikes.


Trading Oracle: Execute a bullish short volatility strategy by selling near-term out-of-the-money put credit spreads. Sell August 02, 2024, $115 Puts, buy August 02, 2024, $110 Puts. This leverages the high probability of continued upward momentum with favorable volatility skew. Target expiration within 2 weeks for optimal edge.


July 18, 2024


Direxion Daily Financial Bull 3x Shares Forecast

FAS      Direxion Daily Financial Bull 3x Shares











Correlated Assets

Assets that tend to move strongly with FAS



XLF Forecast + Options Trading Strategies   XLF  Financial Select Sector SPDR (1.0)


IWD Forecast + Options Trading Strategies   IWD  iShares Russell 1000 Value (0.99)


SPYV Forecast + Options Trading Strategies   SPYV  SPDR Portfolio S&P 500 Value (0.99)


VYM Forecast + Options Trading Strategies   VYM  Vanguard High Dividend Yield Indx (0.98)


JPM Forecast + Options Trading Strategies   JPM  JPMorgan Chase (0.98)



Uncorrelated Assets

Assets with little price relationship to FAS



IPI Forecast + Options Trading Strategies   IPI  Intrepid Potash (0.0)


ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (0.0)


DE Forecast + Options Trading Strategies   DE  Deere (-0.0)


NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (0.0)


KLIC Forecast + Options Trading Strategies   KLIC  Kulicke & Soffa Industries (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against FAS



RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.94)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.94)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.96)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.96)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.97)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FAS


 Ask any question about FAS!