Bullish Case: Implied volatility is projected to decline over the next months while call options show high activity, potentially indicating a bullish stance from traders. Positive market sentiment could lead to a price recovery above $55.00.

Bearish Case: High implied volatility indicates significant uncertainty moving forward, with concerns over macroeconomic conditions possibly driving SVXY lower. A bearish outlook may push prices to test support around $48.00.

Potential Outcomes:

1. SVXY rallies to $55.00 (30% chance) amid positive market sentiment.

2. Prices stabilize around $52.00 (40% chance) with mixed signals.

3. Sharp decline to $47.00 (30% chance) if economic indicators turn negative.

Trading Oracle: Consider a credit spread by selling the $54.00 call (delta: 0.37) and buying the $60.00 call (delta: 0.04) with an expectation of flat to slightly bullish movement, aiming for a 14% return and strong odds of profit at 86%.

November 13, 2024