SSO Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Market sentiment remains bullish with a high volume of call options and a forecasted increase in implied volatility. Favorable historical price trends suggest potential for further gains in SSO.




Bearish Case: High implied volatility signals uncertainty, while historical return data indicates possible mean reversion risks. A significant portion of trading remains flat, challenging bullish momentum.




Potential Outcomes:

1. 65% chance SSO rises above $100 in 30 days driven by optimistic market trends.

2. 25% chance of sideways trading between $90-$95.

3. 10% chance of pullback to low $80s due to increased volatility.




Trading Oracle: Consider implementing a bullish call debit spread on SSO, buying $95 calls and selling $100 calls, targeting February expiration. Aim for high probability of profit with projected returns of 30%, leveraging positive sentiment and implied volatility expansion.



November 17, 2024


ProShares Ultra S&P500 Forecast

SSO        ProShares Ultra S&P500











Correlated Assets

Assets that tend to move strongly with SSO



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


SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (1.0)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.98)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (0.97)


TT Forecast + Options Trading Strategies   TT  Trane (0.97)



Uncorrelated Assets

Assets with little price relationship to SSO



S Forecast + Options Trading Strategies   S  Sprint (0.0)


PTON Forecast + Options Trading Strategies   PTON  Peloton Interactive (-0.01)


QURE Forecast + Options Trading Strategies   QURE  uniQure (-0.02)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (0.02)


HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (0.02)



Anticorrelated Assets

Assets that tend to move strongly against SSO



HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.88)


AZUL Forecast + Options Trading Strategies   AZUL  Azul (-0.89)


JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (-0.89)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.9)


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









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