IEX Forecast


Bullish Case: IEX has shown solid long-term growth, coupled with recent price action suggesting stability. Despite a recent downturn, the historical return surface indicates positive performance over longer holding periods.


Bearish Case: Recent price declines, high market implied volatility, and unfavorable Helium - market volatility differential suggest potential short-term instability. The uncertainty around strike prices indicates caution for the near future.


Potential Outcomes: 50% chance of a bullish trend continuation due to robust long-term growth, 35% chance of further decline from high volatility forecasts and market dynamics, and 15% of neutral sideways price movements driven by mixed indicators.


Trading Oracle: Adopt a bullish stance with debit spreads, favoring longer-dated expirations (around 6 months) to leverage potential uptrend. Given Helium's higher implied volatility, select strikes nearer to current price ($195) for optimal reward:risk. Remain vigilant for market shifts.


July 07, 2024


Idex Forecast

IEX      Idex











Correlated Assets

Assets that tend to move strongly with IEX



NUE Forecast + Options Trading Strategies   NUE  Nucor (0.87)


NICE Forecast + Options Trading Strategies   NICE  NICE (0.86)


WYNN Forecast + Options Trading Strategies   WYNN  Wynn Resorts (0.85)


OLN Forecast + Options Trading Strategies   OLN  Olin (0.85)


ZBH Forecast + Options Trading Strategies   ZBH  Zimmer Biomet (0.83)



Uncorrelated Assets

Assets with little price relationship to IEX



ALKT Forecast + Options Trading Strategies   ALKT  Alkami Technology (-0.0)


PACB Forecast + Options Trading Strategies   PACB  Pacific Biosciences of California (-0.0)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (-0.0)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.0)


MBUU Forecast + Options Trading Strategies   MBUU  Malibu Boats (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against IEX



HUM Forecast + Options Trading Strategies   HUM  Humana (-0.58)


HNRG Forecast + Options Trading Strategies   HNRG  Hallador Energy (-0.59)


ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (-0.65)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.66)


KNOP Forecast + Options Trading Strategies   KNOP  KNOT Offshore Partners LP - Unit (-0.66)





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