UPRO Forecast + Trading Strategies


Bullish Case: UPRO shows a consistent upward trajectory, recent price gains (+17.1% over 90 days) and high bullish risk imbalance support further gains.


Bearish Case: Stagnant trading volume and flat implied volatility term structure indicate sideways or downside potential with significant mean reversion risk.


Potential Outcomes:

1) Continued uptrend given recent gains; 50% chance.

2) Price consolidation around current levels; 30% chance.

3) Downside due to market pullback; 20% chance.


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May 21, 2024


ProShares UltraPro S&P 500 Forecast

UPRO        ProShares UltraPro S&P 500
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (1.0)


FAS Forecast + Options Trading Strategies   FAS  Direxion Daily Financial Bull 3x Shares (0.99)


IVV Forecast + Options Trading Strategies   IVV  BTC iShares Core S&P 500 (0.99)



Uncorrelated Stock Forecasts

Assets with little price relationship to UPRO



BKH Forecast + Options Trading Strategies   BKH  Black Hills (-0.0)


YELP Forecast + Options Trading Strategies   YELP  Yelp (-0.01)


BYD Forecast + Options Trading Strategies   BYD  Boyd Gaming (0.01)


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LVS Forecast + Options Trading Strategies   LVS  Las Vegas Sands (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UPRO



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.96)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.96)


DOG Forecast + Options Trading Strategies   DOG  ProShares Short Dow30 (-0.98)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.98)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-1.0)





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