SPXS Forecast + Trading Strategies


Bullish Case: With SPXS trading at historical lows and significant call option volume, contrarian long volatility bets may capitalize on market corrections or unexpected SPX downtrends.


Bearish Case: Consistent long-term downtrend in SPXS with negligible recovery signs amid a stable macro environment suggests continued depreciation.


Potential Outcomes: 80% continued SPXS depreciation, 15% sudden market drop-induced spike, 5% sideways movement.


Trading Oracle: Implement bearish credit spreads. Sell $8 Call, Buy $8.5 Call expiring July 19, 2024. IV is flattening, and sentiment remains bearish. Aim for theta decay and premium collection, yielding high reward:risk and edge from consistent bearish price action.


June 27, 2024


Direxion Daily S&P 500 Bear 3X Shares Forecast

SPXS      Direxion Daily S&P 500 Bear 3X Shares











Correlated Assets

Assets that tend to move strongly with SPXS



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (0.98)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (0.96)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (0.95)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (0.94)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (0.94)



Uncorrelated Assets

Assets with little price relationship to SPXS



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


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (-0.0)


RH Forecast + Options Trading Strategies   RH  RH - (0.0)


LSXMK Forecast + Options Trading Strategies   LSXMK  Liberty Media Corp. (Tracking Stock - SiriusXM) Series C (-0.0)


CPS Forecast + Options Trading Strategies   CPS  Cooper-Standard (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SPXS



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


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


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


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (-1.0)


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





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