QYLD Forecast + Trading Strategies


Bullish Case: A market recovery could drive QYLD premiums higher, benefiting from improving implied volatility as bullish sentiment builds. QYLD's attractive dividend yield remains an enticing factor for investors seeking income amidst volatility.


Bearish Case: Continued stagnant performance coupled with high bearish sentiment could pressure QYLD below $17, exacerbated by low implied volatility, limiting potential for significant gains and highlighting risks associated with its covered call strategy.


Potential Outcomes:

1) Nasdaq recovery boosts QYLD > 10%: 25% chance;

2) Continued sideways action at $17-$18: 55% chance;

3) Decline under $15 due to bearish market: 20% chance. Predictions are based on term structure and historical return data.


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July 24, 2024


Global X NASDAQ 100 Covered Call Forecast

QYLD      Global X NASDAQ 100 Covered Call











Correlated Assets

Assets that tend to move strongly with QYLD



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.6)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.28)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.28)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.29)



Uncorrelated Assets

Assets with little price relationship to QYLD



LI Forecast + Options Trading Strategies   LI  Li Auto (-0.28)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.28)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.29)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.6)



Anticorrelated Assets

Assets that tend to move strongly against QYLD



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.6)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.28)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.28)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.29)





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