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AI BALY Forecast

Price Forecast:

Bearish <-> Bullish

Bullish Case: Bally's growth in sports betting and upcoming casino developments may drive revenue. The flat term structure and rising implied volatility indicate potential upside from bullish trades.

Bearish Case: Regulatory challenges and market uncertainties could lead to further declines in revenue. A drop in implied volatility suggests lack of confidence in positive future price movements.

Potential Outcomes:

1) 45% chance of 40% revenue growth due to casino expansion.

2) 30% chance of 20% revenue decline due to market headwinds.

3) 25% chance of a 10% drop from regulatory setbacks.

Trading Oracle: Adopt a bullish call spread strategy by buying $20 calls and selling $22.50 calls with a target expiry of November 15, 2024. This captures upside above $20 while minimizing risk. Implied volatility supports a long volatility outlook.

August 25, 2024

Ballys Forecast

BALY Ballys

Price Forecast
Future Uncertainty

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Assets that tend to move strongly with BALY

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Uncorrelated Assets

Assets with little price relationship to BALY

MCFT MasterCraft Boat (0.0)

BUD Anheuser-Busch (-0.0)

DXCM Dexcom (0.0)

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HIVE HIVE Blockchain (0.0)

Anticorrelated Assets

Assets that tend to move strongly against BALY

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NKE Nike (-0.48)

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ERY Direxion Daily Energy Bear 2X Shares (-0.51)

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Short Volatility

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