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Bullish Case: BITO's recent uptrend and high call option volumes hint at market optimism. AI's bullish forecast suggests further upside, capitalizing on bullish risk skew and term structure contango.


Bearish Case: High implied volatility indicates uncertainty; a steep contango may foreshadow volatility spikes, potentially leading to sharp pullbacks given recent swift climbs.


Potential Outcomes:

1) Spot Bitcoin ETF approval boosts price, 25%.

2) Regulatory crackdown causes drop, 20%.

3) Increased institutional interest drives growth, 30%.

4) High implied volatility results in a significant correction, 25%.


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April 02, 2024


ProShares Bitcoin Strategy Forecast

BITO        ProShares Bitcoin Strategy
Price Forecast: BULLISH    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with BITO



WM Forecast + Options Trading Strategies   [WM]  Waste Management (0.94)


WING Forecast + Options Trading Strategies   [WING]  Wingstop (0.92)


TME Forecast + Options Trading Strategies   [TME]  Tencent Music Entertainment Group - (0.9)


BYRN Forecast + Options Trading Strategies   [BYRN]  Byrna (0.9)


IBRX Forecast + Options Trading Strategies   [IBRX]  ImmunityBio (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to BITO



WYNN Forecast + Options Trading Strategies   [WYNN]  Wynn Resorts (0.0)


CNX Forecast + Options Trading Strategies   [CNX]  CNX Resources (0.01)


PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.01)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (0.01)


GLW Forecast + Options Trading Strategies   [GLW]  Corning (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BITO



WTI Forecast + Options Trading Strategies   [WTI]  W & T Offshore (-0.82)


RILY Forecast + Options Trading Strategies   [RILY]  B. Riley Financial (-0.82)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (-0.83)


ARRY Forecast + Options Trading Strategies   [ARRY]  Array (-0.85)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.87)





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