PBP Forecast


Bullish Case: PBP historical patterns suggest moderate price gains over medium holding periods. Implied volatility is relatively stable for ATM strikes, indicating a potential upwards movement (+3-5%).


Bearish Case: Current PBP is only moderately higher than two years ago. Implied volatility surface suggests a higher risk for OTM options, indicating potential price stability or minor declines (-1-3%).


Potential Outcomes:

1. Stable: 30% - Minimal movement due to flat price action.

2. Modest increase: 40% - Moderate upward trend from historical returns.

3. Decline: 30% - Marginal decrease indicated by recent price proximity to historical lows.


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June 30, 2024


Invesco S&P 500 BuyWrite Forecast

PBP      Invesco S&P 500 BuyWrite











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Uncorrelated Assets

Assets with little price relationship to PBP



PARR Forecast + Options Trading Strategies   PARR  Par Pacific (0.0)


SYNA Forecast + Options Trading Strategies   SYNA  Synaptics (-0.0)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (0.0)


OTEX Forecast + Options Trading Strategies   OTEX  Open Text (-0.0)


PAYC Forecast + Options Trading Strategies   PAYC  Paycom Software (0.01)



Anticorrelated Assets

Assets that tend to move strongly against PBP



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.71)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.71)


LEU Forecast + Options Trading Strategies   LEU  Centrus Energy (-0.72)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.72)


UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.73)





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