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ASAN Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Asana's recent growth of 26% YoY and confident insider buying by CEO Moskovitz signal optimism. With ASAN's implied volatility peaking at 85.9%, a bullish upward movement could be near as market sentiment shifts. Strong financial reports expected may further boost the stock.



Bearish Case: Despite some growth signals, ASAN's significant trading drop from its 2021 peak and persistent unprofitability risk a negative market reaction. If macroeconomic conditions worsen, volatility could spike based on high implied movement, leading to price corrections.



Potential Outcomes:
  1. 55%: Continued revenue growth driven by Q2 results and expanding market opportunities.
  2. 30%: Price decline due to ongoing profitability issues and skepticism in market sentiment.
  3. 15%: Increased volatility influenced by mixed signals from insiders and broader economic pressures.



Trading Oracle: Consider implementing a bullish debit spread by buying the ASAN 12/13/2024 25.00 C while selling the 26.00 C. This strategy capitalizes on estimated upward movement; with 76% market odds of profit and a 24% potential return, it offers a high reward-to-risk ratio in the current environment.


December 11, 2024











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HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.88)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (0.88)


CRNC Forecast + Options Trading Strategies   CRNC  Cerence (0.86)


FSLY Forecast + Options Trading Strategies   FSLY  Fastly (0.85)



Uncorrelated Assets

Assets with little price relationship to ASAN


NCNO Forecast + Options Trading Strategies   NCNO  Ncino (0.01)


XPO Forecast + Options Trading Strategies   XPO  XPO Logistics (0.01)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (0.01)


BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (-0.02)


MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against ASAN


IIPR Forecast + Options Trading Strategies   IIPR  Innovative Industrial Properties (-0.78)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (-0.78)


SA Forecast + Options Trading Strategies   SA  Seabridge Gold (-0.78)


IDR Forecast + Options Trading Strategies   IDR  Idaho Strategic Resources (-0.79)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (-0.82)







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