UWM Forecast + Trading Strategies


Bullish Case: UWM has significant bullish risk, and funds are accumulating shares. Recent sideways price action hints at a potential breakout above $37 as institutions support current levels.


Bearish Case: UWM recent price action is weak with increased bearish options volume. Negative returns in recent months and Helium’s forecast higher volatility suggest breakdown risks.


Potential Outcomes: UWM likely continues current volatility range (30%), breaks above $37 (35%), or falls below $34 support (35%). Estimates based on recent implied volatilities and historical price action.


Trading Oracle: Trade bearish credit spreads: Sell $37 calls and buy $39 calls, banking on UWM's weakness and short-term market perceived higher implied volatility. Holding period ~18 days, high probability, balanced profit potential versus risks.


July 03, 2024


ProShares Ultra Russell2000 Forecast

UWM      ProShares Ultra Russell2000











Correlated Assets

Assets that tend to move strongly with UWM



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.76)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.35)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.38)



Uncorrelated Assets

Assets with little price relationship to UWM



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.35)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.38)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.76)



Anticorrelated Assets

Assets that tend to move strongly against UWM



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.76)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.35)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.38)





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