XME Forecast


Bullish Case: The recent mining deal and surging commodity prices indicate strong sector momentum. XME has historically shown significant upward returns over holding periods, suggesting potential gains.


Bearish Case: Limited price movement, stagnation in sector, and minimal recent volume suggest few catalysts for upward momentum. Predicted neutral price movement and flat vol term structure reinforce stagnation.


Potential Outcomes:

1. XME continues mild uptrend: 20%.

2. XME price stagnates: 50%.

3. XME corrects downward: 30%. These predictions integrate historical stability, flattened implied volatility structure, and neutral AI forecasts.


Trading Oracle: Execute a bearish debit spread: buy 1 $59 put, sell 1 $57 put, expiring in ~51 days. Given flat term structure, minimal recent volume, and neutral movement predictions, this strategy offers high reward:risk, optimizing for current stable market conditions.


June 28, 2024


SPDR Metals & Mining Forecast

XME      SPDR Metals & Mining











Correlated Assets

Assets that tend to move strongly with XME



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.46)


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


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.71)



Uncorrelated Assets

Assets with little price relationship to XME



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.46)


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


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.71)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)



Anticorrelated Assets

Assets that tend to move strongly against XME



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.46)


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


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.71)





Become a more profitable investor with AI optimized trading strategies






×

Chat with XME


 Ask any question about XME!