SSO Forecast + Trading Strategies


Bullish Case: The underlying market sentiment remains strongly bullish, with a significant volume of call options indicating optimism. Additionally, Helium's implied volatility is lower than historical averages, suggesting potential for upward price movement as implied volatility expands.


Bearish Case: Implied volatility has shown signs of flatness and diminishing momentum, increasing the risk of a mean reversion in SSO prices. If SSO breaks below key support levels, a sharper decline may ensue, affecting bullish sentiment.


Potential Outcomes:

1) 40% chance SSO rallies above $90 in the next month.

2) 30% chance of a pullback towards $80.

3) 20% chance of sideways movement within $80-$85.

4) 10% chance of a significant drop below $75 due to macroeconomic factors.


Trading Oracle: Adopt a bullish strategy by implementing a call debit spread, purchasing the $85 call and selling the $90 call, targeting the August expiry. This strategy leverages Helium's favorable volatility conditions, providing an optimal risk/reward profile.


July 24, 2024


ProShares Ultra S&P500 Forecast

SSO      ProShares Ultra S&P500











Correlated Assets

Assets that tend to move strongly with SSO



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.91)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.4)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.71)



Uncorrelated Assets

Assets with little price relationship to SSO



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.4)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.71)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.91)



Anticorrelated Assets

Assets that tend to move strongly against SSO



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.91)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.4)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.71)


SSO News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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