X Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: A rebound in X is supported by current bullish sentiment illustrated by the higher trading volume in call options compared to puts, alongside a downward trend in implied volatility suggesting a brewing stability.




Bearish Case: Concerns regarding high implied volatility persist, leaving the door open for potential downturns, particularly as recent historical price movements show signs of weakness over the past months despite previous gains.




Potential Outcomes:

1. 40%: Continued upward trend if earnings exceed expectations.

2. 30%: Correction due to high implied volatility influencing bearish sentiment.

3. 20%: Stagnation as market digests recent price fluctuations.

4. 10%: Forced liquidations leading to sudden price erosion.




Trading Oracle: Engage in a bullish strategy by initiating a debit spread: buy $36 calls expiring shortly while selling $38 calls. This capitalizes on settling volatility while offering an attractive risk-reward profile of around 80% profitability based on current volatility insights.



November 14, 2024


United States Steel Forecast

X        United States Steel











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ARVN Forecast + Options Trading Strategies   ARVN  Arvinas (0.69)


PVH Forecast + Options Trading Strategies   PVH  PVH (0.69)



Uncorrelated Assets

Assets with little price relationship to X



SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (0.0)


PSA Forecast + Options Trading Strategies   PSA  Public Storage (-0.0)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (0.0)


LOVE Forecast + Options Trading Strategies   LOVE  Lovesac (0.0)


BNS Forecast + Options Trading Strategies   BNS  Bank Of Nova Scotia (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against X



UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.57)


CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (-0.58)


BILI Forecast + Options Trading Strategies   BILI  Bilibili (-0.6)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.6)


MCHI Forecast + Options Trading Strategies   MCHI  BTC iShares MSCI China (-0.65)









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