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Price Forecast:


Bearish   <->   Bullish



Bullish Case: The SPXL could climb due to sustained bullish sentiment, as indicated by strong earnings forecasts and rising implied volatility, particularly in upcoming weeks leading to potential price increases.



Bearish Case: If macroeconomic signals worsen or geopolitics become tense, SPXL may drop sharply, amplified by the current elevated implied volatility indicating heightened market fear.



Potential Outcomes:

1. 60% chance of hitting $175 due to bullish sentiment from earnings.

2. 25% chance of hovering around $170 with market consolidation.

3. 15% chance of a pullback to $160 driven by negative news.



Trading Oracle: Consider initiating a bullish credit spread: Sell the $170C and buy the $175C, capitalizing on elevated implied volatility with a high probability of profit (75%). Target a return of 30% on your risk with a robust risk/reward profile.


October 22, 2024


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Correlated Assets

Assets that tend to move strongly with SPXL


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (1.0)


IVV Forecast + Options Trading Strategies   IVV  BTC iShares Core S&P 500 (1.0)


VOO Forecast + Options Trading Strategies   VOO  Vanguard S&P 500 (1.0)


VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (1.0)


VT Forecast + Options Trading Strategies   VT  Vanguard Group, Inc. - Vanguard Total World Stock (0.99)



Uncorrelated Assets

Assets with little price relationship to SPXL


OKTA Forecast + Options Trading Strategies   OKTA  Okta (-0.0)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.01)


MRK Forecast + Options Trading Strategies   MRK  Merck (-0.01)


SQ Forecast + Options Trading Strategies   SQ  Square (-0.01)


S Forecast + Options Trading Strategies   S  Sprint (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SPXL


SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.9)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.9)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.93)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.95)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-1.0)







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