MX Forecast


Bullish Case: Upcoming positive tech news and new product launches (AI-powered advancements) could drive higher MX prices. Current price improvement of 5.6% over the last week indicates potential short-term growth.


Bearish Case: Flat term structure, historical mean reversion, and high implied volatility suggest sustained price stagnation or decline. Past earnings results and weak revenue guidance further bolster a negative outlook.


Potential Outcomes:

1. Market correction (50%): -10% return.

2. Positive tech news (20%): +20% return.

3. Persistent negative sentiment (30%): -5% return.


Trading Oracle: Bearish stance continues. Enter a credit spread: Sell Sep 2024, 5.00/2.50 Put Spread for $0.15 credit. Expiry: 09/2024. High-probability, positive edge play backed by ongoing flat volatility term structure and mean reversion characteristics.


July 17, 2024


MagnaChip Semiconductor Forecast

MX      MagnaChip Semiconductor











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RMBS Forecast + Options Trading Strategies   RMBS  Rambus (-0.0)


FXP Forecast + Options Trading Strategies   FXP  ProShares UltraShort FTSE China 50 (-0.0)


OLN Forecast + Options Trading Strategies   OLN  Olin (0.0)


NVS Forecast + Options Trading Strategies   NVS  Novartis (0.0)


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Anticorrelated Assets

Assets that tend to move strongly against MX



NRG Forecast + Options Trading Strategies   NRG  NRG Energy (-0.94)


MCK Forecast + Options Trading Strategies   MCK  Mckesson (-0.94)


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CEG Forecast + Options Trading Strategies   CEG  Constellation Energy (-0.96)


PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.96)





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