ALL Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Allstate shows signs of revenue growth driven by strategic initiatives and favorable market conditions, supporting a bullish outlook. Its continued patent development and recent expansions could ignite future growth.




Bearish Case: Legal challenges and rising catastrophic losses threaten Allstate's financial stability, potentially leading to decreased profitability. Market volatility remains a concern, dampening investor confidence.




Potential Outcomes:

1. Allstate's strategic growth initiatives succeed, improving stock performance (60%).

2. Legal issues escalate, harming financials (25%).

3. A spike in catastrophic losses triggers a significant downturn (10%).

4. Regulatory changes positively impact profitability (5%).




Trading Oracle: Engage in a bullish debit spread by buying $185 calls and selling $190 calls with expiration in December 2024. This strategy aligns with projected profitability growth due to strategic initiatives while capturing potential upward price movement. High probability-of-profit estimated at 75%, with a strong risk-reward ratio.



November 19, 2024


Allstate Forecast

ALL        Allstate











Correlated Assets

Assets that tend to move strongly with ALL



UNM Forecast + Options Trading Strategies   UNM  Unum (0.96)


HDV Forecast + Options Trading Strategies   HDV  BlackRock Institutional Trust Company N.A. - iShares Core High Dividend (0.95)


CINF Forecast + Options Trading Strategies   CINF  Cincinnati Financial (0.95)


PGR Forecast + Options Trading Strategies   PGR  Progressive (0.95)


CMI Forecast + Options Trading Strategies   CMI  Cummins (0.95)



Uncorrelated Assets

Assets with little price relationship to ALL



CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (0.0)


EXAS Forecast + Options Trading Strategies   EXAS  Exact Sciences (0.0)


TRMD Forecast + Options Trading Strategies   TRMD  TORM (0.0)


ACN Forecast + Options Trading Strategies   ACN  Accenture (0.01)


SOXL Forecast + Options Trading Strategies   SOXL  Direxion Daily Semiconductor Bull 3X Shares (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against ALL



WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.86)


SYNA Forecast + Options Trading Strategies   SYNA  Synaptics (-0.86)


CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (-0.86)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.88)


BA Forecast + Options Trading Strategies   BA  Boeing (-0.9)









Become a more profitable investor with AI optimized trading strategies






×

Chat with ALL


 Ask any question about ALL!