UGL Forecast + Trading Strategies


Bullish Case: UGL's stable price over 90 days and AI's 0.88% upside forecast suggest moderate positive momentum. Call options trading volume outpaces puts by 72%, and bullish risk is 10% higher.


Bearish Case: Low trading volume (2nd percentile) coupled with -0.1 historical correlation between forecast and realized price, and high short volatility suggests weakness. Implied volatility higher across most strike ranges.


Potential Outcomes: 30% surge on a potential market shock, 50% chance of flat movement, 20% mild decline. Volatility suggests small but notable options opportunity.


Trading Oracle: Deploy short volatility strategy with debit spreads due to flat trend and premium decay edge. Initiate selling 1 $82.0 strike call and buying 1 $85.0 strike call expiring in 49 days with a 71% profit chance. Short-term focus. Utilize minimal capital risk and exploit premium decay dynamics.


June 30, 2024


ProShares Ultra Gold Forecast

UGL      ProShares Ultra Gold











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EGO Forecast + Options Trading Strategies   EGO  Eldorado Gold (0.95)


DB Forecast + Options Trading Strategies   DB  Deutsche (0.92)



Uncorrelated Assets

Assets with little price relationship to UGL



IPG Forecast + Options Trading Strategies   IPG  Interpublic Group Of Cos. (-0.0)


TWLO Forecast + Options Trading Strategies   TWLO  Twilio (0.0)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (0.0)


NVS Forecast + Options Trading Strategies   NVS  Novartis (-0.0)


LZ Forecast + Options Trading Strategies   LZ  LegalZoom.com (0.0)



Anticorrelated Assets

Assets that tend to move strongly against UGL



WW Forecast + Options Trading Strategies   WW  WW International (-0.85)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.86)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.86)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.86)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.87)





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