UPRO Forecast + Trading Strategies


Bullish Case: Positive sentiment in the market and a gradual decrease in implied volatility indicate potential for UPRO to gain momentum. With bullish risk significantly outweighing bearish, further upward pressure seems likely.


Bearish Case: Market stagnation and decreasing trading volumes suggest limited upside. High implied volatility could lead to sharp corrections if sentiment shifts or macroeconomic data disappoints, increasing downside risks.


Potential Outcomes:

1) Continued rise to $80 (40% chance).

2) Sideways movement near $74 (30% chance).

3) Drop to $70 due to economic signals (20% chance).

4) Plunge below $65 if volatility spikes (10% chance).


Trading Oracle: Implement a bullish debit spread: buy 08/16/2024 $75 calls and sell $80 calls. High implied volatility favors this setup with a strong risk/reward ratio. Timeframe: 3 weeks, target price around $80, potential profit margin substantial.


July 25, 2024


ProShares UltraPro S&P 500 Forecast

UPRO      ProShares UltraPro S&P 500











Correlated Assets

Assets that tend to move strongly with UPRO



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


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.41)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.65)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.7)



Uncorrelated Assets

Assets with little price relationship to UPRO



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.41)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.65)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.7)


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



Anticorrelated Assets

Assets that tend to move strongly against UPRO



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


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.41)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.65)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.7)


UPRO 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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