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Price Forecast:


Bearish   <->   Bullish



Bullish Case: A robust bullish case is supported by positive growth prospects in Cardinal Health's specialty pharmaceuticals, promising earnings, and favorable trends in healthcare services, indicating increased demand and stock appreciation.



Bearish Case: The bearish case emerges from high implied volatility and inconsistent trading volumes, coupled with recent dips in healthcare stock performance, potentially signaling increased market uncertainty surrounding CAH.



Potential Outcomes:

1. Continued growth (60%): Driven by increasing healthcare demand.

2. Stagnation (30%): Due to overvaluation concerns amid mixed market sentiment.

3. Price decline (10%): From negative investor sentiment and external economic pressures.



Trading Oracle: Execute a bullish debit spread by buying CAH 11/01/2024 $110 calls and selling $115 calls. With implied volatility likely to stabilize, this strategy targets a favorable risk/reward ratio, capturing premium from expectant upward price momentum in the near term.


October 27, 2024


Cardinal Health Forecast

CAH        Cardinal Health

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