BNS Forecast + Trading Strategies


Bullish Case: BNS may experience rebound due to strategic maneuvers in high-growth markets, with solid support from a 6.6% dividend yield, attracting long-term investors and pushing prices higher.




Bearish Case: Continued underperformance is possible due to strategic uncertainties and a lag in digital transformation efforts, posing risks to investor confidence and leading to potential price declines.




Potential Outcomes:

1. Positive earnings surprise bolstering stock (+30%);

2. Extended underperformance due to strategy issues (-40%);

3. Dividend sustainability attracting value (+20%);

4. Negative macroeconomic trends (-10%).




Trading Oracle: Consider executing a bullish credit spread: Sell BNS $52.5 put, buy $50 put. Time horizon of ~37 days, targeting market conditions that favor a slight uptick. Estimated 90% probability of profit and attractive risk-reward profile.



November 15, 2024


Bank Of Nova Scotia Forecast

BNS        Bank Of Nova Scotia











Correlated Assets

Assets that tend to move strongly with BNS



TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.86)


LYV Forecast + Options Trading Strategies   LYV  Live Nation Entertainment (0.85)


DOCN Forecast + Options Trading Strategies   DOCN  DigitalOcean (0.85)


BAM Forecast + Options Trading Strategies   BAM  Brookfield Asset (0.83)


MA Forecast + Options Trading Strategies   MA  Mastercard Incorporated (0.83)



Uncorrelated Assets

Assets with little price relationship to BNS



YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (0.0)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.0)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (-0.0)


ST Forecast + Options Trading Strategies   ST  Sensata (-0.0)


WSC Forecast + Options Trading Strategies   WSC  WillScot Mobile Mini (0.0)



Anticorrelated Assets

Assets that tend to move strongly against BNS



EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.62)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.62)


ACLS Forecast + Options Trading Strategies   ACLS  Axcelis (-0.69)


HLF Forecast + Options Trading Strategies   HLF  Herbalife Nutrition (-0.69)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.71)









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