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COMP Forecast + Trading Strategies



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: With a recent spike in call option volume, suggesting increased investor optimism, and upcoming product launches, COMP may break key resistance and rise as market demand for its innovative solutions grows.



Bearish Case: Continued high implied volatilities coupled with economic headwinds may lead to decreased market confidence, potentially stalling any upward momentum and resulting in increased volatility in pricing.



Potential Outcomes:
  • COMP achieves favorable reception of new products (60% chance), boosting revenue.
  • Interest rate hikes dampen demand (25% chance), leading to reduced sales.
  • Increased competition bites into market share (15% chance), stalling growth.



Trading Oracle: Implement a short volatility credit spread strategy in near-term options expiring in late January. By selling $7.0 strike calls while buying $8.0 for protection, capture time decay with a potential ROI of 30%, capitalizing on current high implied volatilities while maintaining risk at manageable levels.


December 15, 2024


Compass Forecast

COMP        Compass

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Correlated Assets

Assets that tend to move strongly with COMP


CWK Forecast + Options Trading Strategies   CWK  Cushman & Wakefield (0.9)


GWRE Forecast + Options Trading Strategies   GWRE  Guidewire Software (0.88)


BLND Forecast + Options Trading Strategies   BLND  Blend Labs (0.88)


ARES Forecast + Options Trading Strategies   ARES  Ares (0.88)


GLDD Forecast + Options Trading Strategies   GLDD  Great Lakes Dredge & Dock (0.88)



Uncorrelated Assets

Assets with little price relationship to COMP


DDOG Forecast + Options Trading Strategies   DDOG  Datadog (0.0)


GTLS Forecast + Options Trading Strategies   GTLS  Chart Industries (0.01)


BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (-0.01)


IAC Forecast + Options Trading Strategies   IAC  IAC InterActiveCorp. (-0.02)


OGN Forecast + Options Trading Strategies   OGN  Organon (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against COMP


CLF Forecast + Options Trading Strategies   CLF  Cleveland-Cliffs (-0.77)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.77)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.8)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.84)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.84)







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