CORT Forecast


Bullish Case: Strong earnings growth and positive outcomes from CATALYST trial could drive significant upside. Historical tendency for mean reversion suggests potential rebound given recent dips.


Bearish Case: Continued legal challenges, especially concerning patent litigation, may weigh down the stock. High volatility, particularly at lower strike prices, underscores potential downside risks.


Potential Outcomes: 60% chance of favorable trial results boosting stock; 30% chance of adverse legal outcomes causing decline; 10% chance of extended uncertainties leading to sideways trading.


Trading Oracle: Optimal trade: Bullish Debit Spread. Buy CORT 08/16/2024 $31 Call and sell $34 Call. Time horizon: 24 days. This strategy exploits potential upside while limiting risk. Strong reward-to-risk ratio due to recent positive developments and mean-reverting price action.


July 22, 2024


Corcept Therapeutics Forecast

CORT      Corcept Therapeutics











Correlated Assets

Assets that tend to move strongly with CORT



VFC Forecast + Options Trading Strategies   VFC  VF (0.25)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.02)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.1)



Uncorrelated Assets

Assets with little price relationship to CORT



LI Forecast + Options Trading Strategies   LI  Li Auto (0.02)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.1)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


VFC Forecast + Options Trading Strategies   VFC  VF (0.25)



Anticorrelated Assets

Assets that tend to move strongly against CORT



VFC Forecast + Options Trading Strategies   VFC  VF (0.25)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.02)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.1)





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