ULE Forecast


Bullish Case: ULE is primed for bullish activity as AI price forecast indicates a slight upward trend (+0.02%). With historical returns exhibiting pockets indicating higher returns over shorter holding periods, this suggests positive momentum, supported by higher implied volatility (>60%) in the low strike price range.


Bearish Case: The ULE faces bearish pressures, highlighted by a high concentration of historical negative returns stretching across various holding periods. Market conditions suggest volatility is predominantly stable or falling, indicating potential downward price pressures and higher cost of options speculation.


Potential Outcomes:

1. Eurozone Economic Recovery: 60% - ULE strengthens.

2. Continued Euro Weakness: 30% - ULE declines.

3. Geopolitical Instability: 10% - High volatility. Probabilities consider current economic and geopolitical conditions aligned with historical price patterns and implied volatilities.


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June 24, 2024


ProShares Ultra Euro Forecast

ULE      ProShares Ultra Euro











Correlated Assets

Assets that tend to move strongly with ULE



FXE Forecast + Options Trading Strategies   FXE  Invesco CurrencyShares Euro (1.0)


SAFE Forecast + Options Trading Strategies   SAFE  Safehold (0.79)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (0.78)


DRN Forecast + Options Trading Strategies   DRN  Direxion Real Estate Bull 3x Shares (0.77)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (0.76)



Uncorrelated Assets

Assets with little price relationship to ULE



HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (-0.0)


WING Forecast + Options Trading Strategies   WING  Wingstop (-0.0)


SIGA Forecast + Options Trading Strategies   SIGA  SIGA (0.0)


MA Forecast + Options Trading Strategies   MA  Mastercard Incorporated (0.0)


HLT Forecast + Options Trading Strategies   HLT  Hilton Worldwide (0.0)



Anticorrelated Assets

Assets that tend to move strongly against ULE



UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.64)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (-0.64)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (-0.64)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.71)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.73)





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