QLD Forecast + Trading Strategies


Bullish Case: Positive market sentiment and strong institutional buying indicate QLD may continue its upward trajectory, supported by historical performance. The QLD implied volatility is relatively low, suggesting less market concern over immediate downturns.


Bearish Case: High market uncertainty reflected in the implied volatility surface indicates potential for significant price corrections. If economic indicators falter, QLD might experience volatility spikes, leading to price declines.


Potential Outcomes:

1) 60% chance of a 2% gain in Q3 as institutional support sustains momentum.

2) 30% chance of a 5% correction due to market liquidity issues.

3) 10% chance of a 10% drop if economic indicators worsen significantly.


Trading Oracle: Consider executing a bull call spread by buying the QLD 100.00 C and selling the QLD 105.00 C options for a net debit. This strategy takes advantage of favorable volatility and limited downside risk, maximizing profit potential while keeping the outlook moderately bullish.


July 25, 2024


ProShares Ultra QQQ Forecast

QLD      ProShares Ultra QQQ











Correlated Assets

Assets that tend to move strongly with QLD



QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (1.0)


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (1.0)


MGK Forecast + Options Trading Strategies   MGK  Vanguard Mega Cap Growth (1.0)


XLK Forecast + Options Trading Strategies   XLK  Technology Select Sector SPDR (1.0)


IYW Forecast + Options Trading Strategies   IYW  BlackRock Institutional Trust Company N.A. - iShares U.S. Technology (1.0)



Uncorrelated Assets

Assets with little price relationship to QLD



W Forecast + Options Trading Strategies   W  Wayfair (-0.0)


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


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (-0.0)


SMPL Forecast + Options Trading Strategies   SMPL  Simply Good Foods (0.01)


BILI Forecast + Options Trading Strategies   BILI  Bilibili (0.01)



Anticorrelated Assets

Assets that tend to move strongly against QLD



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.91)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.94)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.97)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.99)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-1.0)





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