TZA Forecast + Trading Strategies


Bullish Case: TZA's implied volatilities suggest potential spikes, particularly through July and early August, forecasting a +0.81% price change. Increased trading in call options indicates trader optimism.


Bearish Case: TZA's long-term historical decline (-58.2% in two years) and persistent bearish sentiment counteract brief bullish movements. Elevated market volatility could trigger further declines.


Potential Outcomes:

1. Modest bullish movement driven by summer volatility (60%).

2. Price stagnation around current levels (30%).

3. Significant drop from historical performance (10%).


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July 03, 2024


Direxion Daily Small Cap Bear 3X Shares Forecast

TZA      Direxion Daily Small Cap Bear 3X Shares











Correlated Assets

Assets that tend to move strongly with TZA



LI Forecast + Options Trading Strategies   LI  Li Auto (0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (0.55)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.45)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.88)



Uncorrelated Assets

Assets with little price relationship to TZA



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.45)


VFC Forecast + Options Trading Strategies   VFC  VF (0.55)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.58)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.88)



Anticorrelated Assets

Assets that tend to move strongly against TZA



LI Forecast + Options Trading Strategies   LI  Li Auto (0.58)


VFC Forecast + Options Trading Strategies   VFC  VF (0.55)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.45)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.88)





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