Options Forecast Based on Stock Prediction Algorithm: Returns up to 16.35% in 7 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: 7 Days (9/13/24 – 9/20/24)
I Know First Average: 3.26%
For this 7 Days forecast the algorithm has successfully predicted 8 out of 10 movements. RDFN was our best stock pick with a return of 16.35%. Further notable returns came from U and CRMD at 10.05% and 7.58%, respectively. This algorithmic forecast package presented an overall return of 3.26% versus the S&P 500’s performance of 1.91% providing a market premium of 1.35%.
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.