Options Predictions Based on Algorithmic Trading: Returns up to 35.16% in 7 Days

Options Predictions

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

Options
Package Name: Options
Recommended Positions: Long
Forecast Length: 7 Days (5/29/24 – 6/5/24)
I Know First Average: 4.08%
Options Predictions
Options Predictions chart

In this 7 Days forecast for the Options Package, there were many high performing trades and the algorithm correctly predicted 7 out of 10 trades. The top performing prediction from this package was NVAX with a return of 35.16%. GME and HIMS also performed well for this time horizon with returns of 32.76% and 13.87%, respectively. The package had an overall average return of 4.08%, providing investors with a 3.18% premium over the S&P 500’s return of 0.9% during the 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.