BYRN Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: High call volume (+78%) suggests bullish sentiment; social media highlights product innovation and growing niche market interest.




Bearish Case: High implied volatility and insider selling signal potential overvaluation; recent rapid price increase might reverse.




Potential Outcomes: Market selloff (30%), strong earnings (15%), insider selling rises (20%), stable volatility (35%).




Trading Oracle: Execute a bull call spread: Buy BYRN March 2025 $30 Call and sell $35 Call. This utilizes high implied volatility and potential short-term upside. Anticipate volatility-driven profits with planned exit before March 2025. Maintain SPY correlation awareness.



December 26, 2024


Byrna Forecast

BYRN        Byrna











Correlated Assets

Assets that tend to move strongly with BYRN



BBW Forecast + Options Trading Strategies   BBW  Build A Bear Workshop (0.89)


TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.88)


SHAK Forecast + Options Trading Strategies   SHAK  Shake Shack (0.86)


PH Forecast + Options Trading Strategies   PH  Parker-Hannifin (0.86)


LYV Forecast + Options Trading Strategies   LYV  Live Nation Entertainment (0.82)



Uncorrelated Assets

Assets with little price relationship to BYRN



GL Forecast + Options Trading Strategies   GL  Globe Life (-0.01)


WY Forecast + Options Trading Strategies   WY  Weyerhaeuser (0.01)


BHF Forecast + Options Trading Strategies   BHF  Brighthouse Financial (-0.01)


TMO Forecast + Options Trading Strategies   TMO  Thermo Fisher Scientific (0.01)


MPWR Forecast + Options Trading Strategies   MPWR  Monolithic Power System (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against BYRN



NTLA Forecast + Options Trading Strategies   NTLA  Intellia Therapeutics (-0.7)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.76)


CHPT Forecast + Options Trading Strategies   CHPT  ChargePoint (-0.78)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.79)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.85)









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