SCO Forecast + Trading Strategies


Bullish Case: SCO presents near-term bullish opportunities with low IV compared to historical data. Helium Trades AI indicates +0.37% potential price increase, and historical downturns indicate a high likelihood of mean reversion.


Bearish Case: Despite the bullish sentiment, SCO's prolonged negative returns, 93.8% drop over ten years, and mix of high IV spreads suggest continued downside risk. Historical patterns indicate further price declines.


Potential Outcomes:

1. 30%: SCO continues flat (historical trends) and remains around $15.76.

2. 50%: Volatility increases, with price up to 10% decline.

3. 20%: Short-term bullish uptick (mean reversion).


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July 18, 2024


ProShares UltraShort Bloomberg Crude Oil Forecast

SCO      ProShares UltraShort Bloomberg Crude Oil











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