Options Forecast Based on Algorithmic Trading: Returns up to 40.66% in 3 Days
Options Forecast
This forecast is part of the Options Package, as one of I Know First’s algorithmic trading tools. The Options Forecast includes Top 10 daily predictions for the best options to buy for a total of 20 stocks with bullish and bearish signals:
- Top 10 Call Options
- Top 10 Put Options
Package Name: Options
Recommended Positions: Long
Forecast Length: 3 Days (9/12/24 – 9/15/24)
I Know First Average: 10.09%
The algorithm correctly predicted 7 out of 10 the suggested trades in the Options Package for this 3 Days forecast. The greatest return came from SMMT at 40.66%. Further notable returns came from RDFN and BNTX at 32.39% and 24.31%, respectively. The package’s overall average return was 10.09%, providing investors with a 8.80% premium over the S&P 500’s return of 1.29% during the same period.
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
How to interpret this diagram
Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.