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EDIT Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Positive mid-2024 clinical trial results could significantly boost EDIT's valuation, potentially reversing its steep decline observed over the past year due to increased institutional investment and positive market sentiment surrounding gene-editing technology.



Bearish Case: Fear of competition, ongoing financial struggles, and the need for further funding could hinder EDIT's recovery, leading to continued downward pressure on the stock, especially if trial outcomes disappoint or additional insider selling occurs.



Potential Outcomes:
  • 75% chance of positive trial results leading to 60% upside.
  • 20% chance of trial failures, potentially resulting in 40% downside.
  • 5% chance of steady performance without significant news, maintaining current levels.



Trading Oracle: Consider bullish debit spreads on EDIT, focusing on the January 2025 $5 call options, capitalizing on heightened implied volatility. Given the near-term catalysts, a structured approach with defined risk can maximize returns with a high probability of profitability as clinical trial updates unfold.


November 27, 2024


Editas Medicine Forecast

EDIT        Editas Medicine

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MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (-0.01)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.02)


AVTR Forecast + Options Trading Strategies   AVTR  Avantor (-0.03)


NET Forecast + Options Trading Strategies   NET  Cloudflare (0.03)



Anticorrelated Assets

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TT Forecast + Options Trading Strategies   TT  Trane (-0.94)


HEI Forecast + Options Trading Strategies   HEI  Heico (-0.94)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.95)


GDDY Forecast + Options Trading Strategies   GDDY  Godaddy (-0.95)


FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (-0.96)







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