Predictions for Friday, December 10th 2021
NOTE: If you wish to get our updates immediately on Wednesday before the market opens, make sure to fill out the prediction survey on Tuesday (and leave your email within the app). We reward our participants with early indications of where the market will end up. Everyone else gets the results a day and a half later.
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, December 10th 2021 (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 this week is the following:
On Tuesday the markets already opened high compared to last week’s lows, and we estimate that this will continue until Friday. Although, do keep in mind that the new CPI data comes out on Friday, so there might be a slight pullback. Either way, we do expect the price targets to reach our predictions.
For those who got the info yesterday morning and decided to put some money on this (see Disclaimer below first), make sure to put stop-limit orders on your SPY calls, in case the CPI data surprises. In other words take some profits from the movements yesterday and today.
What we have done for this week is we bought 2 SPY 10/12 calls at 463 strike, which will generate anything between the usual $400 and $1000. We also bought the iron condor for SPY 03/12, at 462/463 to 472/473, selling 10 contracts for an immediate $450 gain. We get to keep the $450 if the price remains within this narrow corridor upon expiry on Friday. If SPY starts piercing over 472, we benefit from the call exposure.
In addition to the SPY calls, we also bought calls for the first time for one of our stock predictions - for AAPL. See the table below for this week’s predictions.
We bought 2 AAPL 10/12 calls at 170 strike for $1000, where we stand to earn around $500 if the price finishes close to our $176 target.
The other 3 are predicted to end up slightly lower than their Tuesday open. Will probably end up higher for the week, but lower than their Tuesday values.
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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