Predictions for Friday, April 1st 2022
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Our weekly predictions are here, available exclusively to our subscribers (competition participants get it a day and a half earlier if they leave their email), for Friday, April 1st 2022 (4pm EST; at market close). Keep in mind that our accuracy is much better for low volatility assets, so interpret the predictions with caution. For an overview of our accuracy thus far, see here.
Our estimate for the Friday close for our 5 major indicators and 2 stocks this week is the following:
This week should see a continued period of lower volatility, translating into slightly higher levels for our two major indices. They will most likely finish higher than yesterday’s close, and closer to where they were on Tuesday by the end of the week.
To that end, we sold the 456/457 to 466/467 SPY 01/04 iron condor (10 contracts) for $420 immediate gain. We also bought 2 SPY 456 01/04 calls at $5.53 each, in case SPY overshoots our target. If our target is reached we would get about $400 profit.
We opted against taking AAPL contracts this time, as the iron condor has a very low reward to risk ratio, and the call also wouldn’t earn enough to offset the risk. Stop-losses are set at 30%.
DISCLAIMER: This prediction survey is still in its testing phase. Neither the survey nor its results act as investment advice of any kind, nor should they be considered as such. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum bears no responsibility for your investment choices based on these predictions.
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