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DAVE Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: The DAVE brand continues to gain momentum from increasing consumer demand and successful partnerships post-election, suggesting a strong upward trajectory. Implied volatility remains high, indicating potential for significant price movements favoring upward trends.



Bearish Case: Increased market volatility and competition could dampen DAVE's growth prospects. If economic conditions worsen or controversies arise, investor sentiment may shift negatively, resulting in downward pressure on the stock.



Potential Outcomes:
  • 1. Increased demand leading to rapid stock growth (40% probability).
  • 2. Market stability with minor fluctuations (30% probability).
  • 3. Significant downturn due to economic headwinds or controversies (30% probability).



Trading Oracle: Consider initiating a bullish debit spread targeting the DAVE 12/20/2024 90.00 C and 85.00 C options. High implied volatility suggests potential upside with manageable risk. Target a timeframe of 1-2 months correlating with positive sentiment and consistent demand in the DAVE space while hedging against downside risks to optimize reward:risk profile.


November 26, 2024


Dave Forecast

DAVE        Dave

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NRG Forecast + Options Trading Strategies   NRG  NRG Energy (0.83)


STRL Forecast + Options Trading Strategies   STRL  Sterling Construction Company (0.83)



Uncorrelated Assets

Assets with little price relationship to DAVE


LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (0.0)


ST Forecast + Options Trading Strategies   ST  Sensata (0.0)


PLBY Forecast + Options Trading Strategies   PLBY  PLBY (-0.01)


UWMC Forecast + Options Trading Strategies   UWMC  UWM Holdings Corporation (-0.01)


VRDN Forecast + Options Trading Strategies   VRDN  Viridian Therapeutics (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against DAVE


FLGT Forecast + Options Trading Strategies   FLGT  Fulgent Genetics (-0.71)


FOXF Forecast + Options Trading Strategies   FOXF  Fox Factory (-0.72)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.73)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.73)


BMRN Forecast + Options Trading Strategies   BMRN  Registered Shares (-0.79)


DAVE News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.







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