SOXL Forecast + Trading Strategies


Bullish Case: SOXL's consistently high implied volatility indicates strong market interest and potential upside. With a historical upward trend and recent AI forecasts favoring a mild bullish outlook, there's substantial potential for near-term gains.


Bearish Case: High ambiguity in implied volatility, flat recent price action, and rising market uncertainty could lead to a reversal. Cooling semiconductor demand and potential supply chain issues heighten bearish risks.


Potential Outcomes:

1. Semiconductor surge (40%),

2. Tech cooling (30%),

3. Macroeconomic volatility (25%),

4. Industry regulations (5%). Calibrated on historical performance, market trends, term structure data, and volatility surfaces.


Trading Oracle: Trade bullish short volatility by selling the $60 strike put and buying the $57 strike put, maturing in 8 days. This strategy shows a 63% market profit odds, Helium profit odds of 62%, R:R = 1:0.3, delivering high alpha with controlled risk.


June 21, 2024


Direxion Daily Semiconductor Bull 3X Shares Forecast

SOXL      Direxion Daily Semiconductor Bull 3X Shares











Correlated Assets

Assets that tend to move strongly with SOXL



SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.98)


USD Forecast + Options Trading Strategies   USD  ProShares Ultra Semiconductors (0.98)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.98)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.98)


SPYG Forecast + Options Trading Strategies   SPYG  SPDR Portfolio S&P 500 Growth (0.98)



Uncorrelated Assets

Assets with little price relationship to SOXL



XRX Forecast + Options Trading Strategies   XRX  Xerox (-0.0)


LH Forecast + Options Trading Strategies   LH  Laboratory Corp. Of America (0.0)


KLIC Forecast + Options Trading Strategies   KLIC  Kulicke & Soffa Industries (-0.0)


POR Forecast + Options Trading Strategies   POR  Portland General Electric (-0.0)


PBF Forecast + Options Trading Strategies   PBF  PBF Energy (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SOXL



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.95)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.96)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.98)





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