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AI SPXS Forecast + Trading Strategies


Bullish Case: A temporary market downturn could lead SPXS to rebound sharply, capitalizing on its historical lows and current high implied volatility. Increased call option volume suggests potential upward momentum.

Bearish Case: Continued stability in the broader market may suppress SPXS, maintained by its long-term downtrend and historical price action exhibiting high volatility yet no significant recovery.

Potential Outcomes:

1. 60% chance SPXS stabilizes around $7.

2. 25% chance of a mild upward bounce to $8 if market adjusts.

3. 15% chance of a significant decline to $6. Estimated based on volatility structures and historical patterns.

Trading Oracle: Consider employing a bullish long call spread using $7.50 and $8.00 strike calls expiring in 30 days. This strategy has potential positive edge, minimizing risk while leveraging higher implied volatility. Focus on high theta decay while keeping a strict risk management approach.

August 20, 2024


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Correlated Assets

Assets that tend to move strongly with SPXS


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (1.0)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (0.99)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (0.95)


MED Forecast + Options Trading Strategies   MED  Medifast (0.94)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (0.93)



Uncorrelated Assets

Assets with little price relationship to SPXS


HDB Forecast + Options Trading Strategies   HDB  HDFC (0.0)


GTLS Forecast + Options Trading Strategies   GTLS  Chart Industries (-0.0)


JD Forecast + Options Trading Strategies   JD  JD.com (0.0)


WPC Forecast + Options Trading Strategies   WPC  W. P. Carey (0.0)


SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against SPXS


SCHG Forecast + Options Trading Strategies   SCHG  Schwab U.S. Large-Cap Growth (-1.0)


IVW Forecast + Options Trading Strategies   IVW  BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth (-1.0)


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


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


SPYG Forecast + Options Trading Strategies   SPYG  SPDR Portfolio S&P 500 Growth (-1.0)



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