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



VT Forecast + Options Trading Strategies   VT  Vanguard Group, Inc. - Vanguard Total World Stock (1.0)


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


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



Uncorrelated Assets

Assets with little price relationship to SSO



TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (0.0)


CNXT Forecast + Options Trading Strategies   CNXT  VanEck Vectors ChinaAMC SME-ChiNext (-0.0)


TTEK Forecast + Options Trading Strategies   TTEK  Tetra Tech (0.0)


SQ Forecast + Options Trading Strategies   SQ  Square (-0.0)


TTE Forecast + Options Trading Strategies   TTE  TotalEnergies SE (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SSO



HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.9)


SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.91)


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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