Bullish Case: Recent data suggests a potential upside as implied volatility levels remain high, indicating possible upward pressure in the near future. ARKG's historical performance shows opportunities for rebound following stabilization phases.

Bearish Case: Despite some bullish indicators, historical downtrends persist. High implied volatility and market skepticism could result in continued downside risk, especially given the current flat price movement.

Potential Outcomes:

1. Mild upside (40%): Investor optimism amid high volatility

2. Continued flat performance (30%): Sustained indecision in the market

3. Downturn (30%): High volatility leads to sell-offs.

Trading Oracle: Consider using bull put spreads by selling the $22.50 put and buying the $21.50 put, capturing premium from high implied volatility with a potential 73% probability of profit. High-risk, high-reward targeting short-term stabilization, aiming for a strong return of 28%.

November 17, 2024