RAYS Forecast


Bullish Case: RAYS' historical mean-reverting price action and potential positive turn in their team dynamics could drive a price recovery. The implied volatility is relatively low for higher strike prices, suggesting limited downside risk [Helium, Helium].


Bearish Case: RAYS' AI price forecast is bearish, with historical data supporting mean reversion with potential for continued declines. The high implied volatility for lower strike prices reflects market uncertainty and perceived risk [Helium].


Potential Outcomes:

1. Continued decline in price (-0.37% AI forecast); ~60% (historical correlation).

2. Mean reversion leading to stable/slight increase; ~30%.

3. Significant rally on positive news/team performance; ~10% [Helium, Helium].


Trading Oracle: Sell the RAYS 10.00 puts (credit spread) expiring in 30 days for $1.10 and buy the 9.00 puts for $0.15, capitalizing on high implied volatility and limited downside risk. Probability of profit is high given mean-reverting history and relatively stable forecast.


June 24, 2024


Global X Funds - Global X Solar Forecast

RAYS      Global X Funds - Global X Solar











Correlated Assets

Assets that tend to move strongly with RAYS



TAN Forecast + Options Trading Strategies   TAN  Invesco Solar (0.91)


LIT Forecast + Options Trading Strategies   LIT  Global X Lithium & Battery Tech (0.9)


SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (0.89)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (0.87)


WHR Forecast + Options Trading Strategies   WHR  Whirlpool (0.86)



Uncorrelated Assets

Assets with little price relationship to RAYS



CTVA Forecast + Options Trading Strategies   CTVA  Corteva (-0.0)


SMTC Forecast + Options Trading Strategies   SMTC  Semtech (0.0)


IREN Forecast + Options Trading Strategies   IREN  IREN (0.0)


BBIO Forecast + Options Trading Strategies   BBIO  BridgeBio Pharma (0.0)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.0)



Anticorrelated Assets

Assets that tend to move strongly against RAYS



NRG Forecast + Options Trading Strategies   NRG  NRG Energy (-0.81)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.81)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.82)


ALL Forecast + Options Trading Strategies   ALL  Allstate (-0.82)


PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.85)





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