RSI Forecast


Bullish Case: RSI's robust 184.9% growth from last year, and optimistic HeliumTrades AI forecast (+1.86%), suggest continued momentum. Institutional investment and strong Q1 earnings further bolster confidence.


Bearish Case: High implied volatility (91.8%) and market uncertainty indicate potential risk of overvaluation. Historical RSI returns show likelihood of short-term negative returns with RSI trading flat recently.


Potential Outcomes:

1. Short-term pullback post-run-up (60%).

2. Acquisition stokes rally (25%).

3. Institutional investments trigger sustained growth (15%).

4. Continued flat trading (30%).


Trading Oracle: Consider a bullish debit spread. Buy Aug 16 $10 calls (IV 78.1, delta 0.58) and sell Aug 16 $12.5 calls (delta 0.19). High reward:risk with relatively low cost, and positive edge by Helium forecast. Target a timeline of ~31 days.


July 17, 2024


Rush Street Interactive Forecast

RSI      Rush Street Interactive











Correlated Assets

Assets that tend to move strongly with RSI



APP Forecast + Options Trading Strategies   APP  Applovin Corp (0.93)


EME Forecast + Options Trading Strategies   EME  Emcor Group (0.92)


TEVA Forecast + Options Trading Strategies   TEVA  Teva- Pharmaceutical Industries (0.91)


KKR Forecast + Options Trading Strategies   KKR  KKR (0.91)


NVT Forecast + Options Trading Strategies   NVT  nVent Electric (0.91)



Uncorrelated Assets

Assets with little price relationship to RSI



VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (0.0)


DK Forecast + Options Trading Strategies   DK  Delek US (-0.01)


FPI Forecast + Options Trading Strategies   FPI  Farmland (-0.01)


LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (-0.01)


JD Forecast + Options Trading Strategies   JD  JD.com (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RSI



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.88)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.88)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.88)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


IVOL Forecast + Options Trading Strategies   IVOL  Quadratic Interest Rate Volatility And Inflation (-0.89)





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