MAX Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: MAX shows potential for significant price rebounds based on historical return patterns and increased call volumes, indicating bullish sentiment.




Bearish Case: High implied volatility, coupled with historical underperformance and regulatory challenges, suggests potential for further downside.




Potential Outcomes:
  • Moderate gains: 40%
  • Decline due to regulatory issues: 30%
  • Stability: 15%
  • Volatility-driven downturn: 15%



May 03, 2025


MediaAlpha Forecast

MAX        MediaAlpha











Correlated Assets

Assets that tend to move strongly with MAX



AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (0.87)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (0.84)


MUX Forecast + Options Trading Strategies   MUX  McEwen Mining (0.84)


ADNT Forecast + Options Trading Strategies   ADNT  Adient (0.83)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (0.82)



Uncorrelated Assets

Assets with little price relationship to MAX



CVX Forecast + Options Trading Strategies   CVX  Chevron (-0.01)


ETR Forecast + Options Trading Strategies   ETR  Entergy (0.01)


DPZ Forecast + Options Trading Strategies   DPZ  Dominos Pizza (0.01)


PTLO Forecast + Options Trading Strategies   PTLO  Portillos (0.01)


APPN Forecast + Options Trading Strategies   APPN  Appian (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against MAX



ORI Forecast + Options Trading Strategies   ORI  Old Republic International (-0.75)


FOXA Forecast + Options Trading Strategies   FOXA  Fox Corporation - (-0.76)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.76)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.78)


HIMS Forecast + Options Trading Strategies   HIMS  Hims & Hers Health (-0.79)









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