BLOK Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: BLOK is poised for upside with a 129% greater bullish risk indicated and strong call volume, coupled with a stable implied volatility nearing 40%, suggesting investor confidence in future price increases.




Bearish Case: Market uncertainty persists as implied volatility remains high, particularly around deep out-of-the-money puts; fears of tech volatility may suppress BLOK's price growth and liquidity.




Potential Outcomes:

1. Regulatory news boosts adoption (40%);

2. Tech volatility impacts price negatively (-25%);

3. Surprises in blockchain tech advances drive price up (15%);

4. Major vulnerabilities discovered (-15%).




Trading Oracle: Position for upside using a bullish debit spread on BLOK 49C and 50C by January 2025, capitalizing on the increasing implied volatility. The strategy should offer a high reward:risk profile, especially as the market stabilizes.



November 20, 2024


Amplify Transformational Data Sharing Forecast

BLOK        Amplify Transformational Data Sharing











Correlated Assets

Assets that tend to move strongly with BLOK



SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.94)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.94)


HOOD Forecast + Options Trading Strategies   HOOD  Robinhood Markets (0.94)


VUG Forecast + Options Trading Strategies   VUG  Vanguard Growth (0.93)


QLD Forecast + Options Trading Strategies   QLD  ProShares Ultra QQQ (0.93)



Uncorrelated Assets

Assets with little price relationship to BLOK



EXPD Forecast + Options Trading Strategies   EXPD  Expeditors International Of Washington (0.0)


ELF Forecast + Options Trading Strategies   ELF  e.l.f. Beauty (-0.0)


MRK Forecast + Options Trading Strategies   MRK  Merck (-0.0)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (-0.0)


AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against BLOK



MED Forecast + Options Trading Strategies   MED  Medifast (-0.83)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.86)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.86)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.93)









Become a more profitable investor with AI optimized trading strategies






×

Chat with BLOK


 Ask any question about BLOK!