Maximize Returns with AI-Powered ASAN Trading Strategies


ASAN Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Asana has shown robust revenue growth of 26% YoY and strong insider buying indicated by CEO Moskovitz's share acquisitions. With upcoming earnings and a favorable implied volatility trend, there’s potential for price appreciation.



Bearish Case: Despite positive earnings growth, ASAN remains 82% below its 2021 peak with sustained profitability challenges and heightened market skepticism, suggesting further declines could occur amid volatility.



Potential Outcomes:

1. 55% chance of sustained revenue growth from Q2 results;

2. 30% probability of further decline due to profitability issues;

3. 15% chance of high volatility prompted by mixed macro signals.



Trading Oracle: Implement a bullish debit spread: Buy December $15 call options and sell January $20 calls. This targets upside potential within the predicted volatility range and maximizes gains while limiting risks, leveraging a positive edge in options sentiment.


November 13, 2024











Correlated Assets

Assets that tend to move strongly with ASAN


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.92)


SDGR Forecast + Options Trading Strategies   SDGR  Schrodinger (0.91)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (0.91)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.9)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (0.88)



Uncorrelated Assets

Assets with little price relationship to ASAN


IQV Forecast + Options Trading Strategies   IQV  IQVIA (-0.0)


WCC Forecast + Options Trading Strategies   WCC  Wesco International (0.0)


SFIX Forecast + Options Trading Strategies   SFIX  Stitch Fix (0.0)


LMND Forecast + Options Trading Strategies   LMND  Lemonade (0.0)


EDV Forecast + Options Trading Strategies   EDV  Vanguard Group, Inc. - Vanguard Extended Duration Treasury (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against ASAN


NGD Forecast + Options Trading Strategies   NGD  New Gold (-0.86)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.86)


RTX Forecast + Options Trading Strategies   RTX  Raytheon (-0.86)


NEE Forecast + Options Trading Strategies   NEE  NextEra Energy (-0.87)


IDR Forecast + Options Trading Strategies   IDR  Idaho Strategic Resources (-0.87)







Become a more profitable investor with AI optimized trading strategies





×

Chat with ASAN


 Ask any question about ASAN!