Options Predictions Based on Algo Trading: Returns up to 24.16% in 3 Days

August 6, 2020

Options Predictions

This forecast is part of the Options Package, as one of I Know First’s algorithmic trading tools. The full Top 10 Options forecast includes 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

Options
Package Name: Options
Recommended Positions: Long
Forecast Length: 3 Days (8/2/2020 – 8/5/2020)
I Know First Average: 6.92%
Options Predictions
Options Predictions chart

During the 3 Days forecasted period several picks in the Options Package saw significant returns. The algorithm had correctly predicted 8 out 10 returns. OSTK was the highest-earning trade with a return of 24.16% in 3 Days. KNDI and HMHC also performed well for this time horizon with returns of 20.64% and 15.88%, respectively. The overall average return in this Options package was 6.92%, providing investors with a 5.19% premium over the S&P 500’s return of 1.73% during the same period.

Overstock.com, Inc. operates as an online retailer in the United States. The company operates through two segments, Direct and Partner. It offers brand name, non-brand name, and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products; and sells various books, magazines, CDs, DVDs, and video games.

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.

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