QID Forecast + Trading Strategies


Bullish Case: QID could benefit from a tech sector rebound, with historically strong returns in the coming months as implied volatility trends upward. If macroeconomic indicators improve, QID might see increased demand as investors seek hedges against QQQ losses.


Bearish Case: Persistent tech sector strength could further suppress QID as market sentiment remains bullish. If the Fed tightens unexpectedly, QID may decline due to heightened volatility, contrasting with historical bullish performance metrics.


Potential Outcomes:

1. Tech rebound (50%): Positive earnings could drive QQQ up, harming QID.

2. Fed maintains rates (30%): Flat QQQ could stabilize QID.

3. Unexpected tech declines (20%): Could boost QID sharply.


Trading Oracle: Implement a bullish strategy using a long call spread: buy the QID 42.00 C and sell the 44.00 C for August expiry. The high implied volatility suggests a potential for upward movement, capitalizing on near-term bullish trends. Positive risk-reward setup.


July 26, 2024


ProShares UltraShort QQQ Forecast

QID      ProShares UltraShort QQQ











Correlated Assets

Assets that tend to move strongly with QID



SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (0.78)


MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.73)


PAAS Forecast + Options Trading Strategies   PAAS  Pan American Silver (0.65)


AR Forecast + Options Trading Strategies   AR  Antero Resources (0.63)


AMRK Forecast + Options Trading Strategies   AMRK  A-Mark Precious Metals (0.61)



Uncorrelated Assets

Assets with little price relationship to QID



EAT Forecast + Options Trading Strategies   EAT  Brinker International (0.0)


FRPT Forecast + Options Trading Strategies   FRPT  Freshpet (-0.0)


MXL Forecast + Options Trading Strategies   MXL  MaxLinear (-0.0)


FLR Forecast + Options Trading Strategies   FLR  Fluor (-0.0)


UCTT Forecast + Options Trading Strategies   UCTT  Ultra Clean Hldgs (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against QID



ULTA Forecast + Options Trading Strategies   ULTA  Ulta Beauty (-0.78)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.8)


RHI Forecast + Options Trading Strategies   RHI  Robert Half International (-0.8)


BRZE Forecast + Options Trading Strategies   BRZE  Braze (-0.81)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.85)





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