Options Outlook Based on Stock Market Algorithm: Returns up to 22.69% in 3 Days
Options Outlook
This forecast is part of the Options Package, as one of I Know First’s algorithmic trading tools. The Options Outlook 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 (10/15/24 – 10/18/24)
I Know First Average: 6.73%
8 out of 10 stock prices in this forecast for the Options Package moved as predicted by the algorithm. The top-performing prediction in this forecast was IONQ, which registered a return of 22.69%. CLSK and COIN also performed well for this time horizon with returns of 18.96% and 12.15%, respectively. The package’s overall average return was 6.73%, providing investors with a 6.65% premium over the S&P 500’s return of 0.08% 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.