55% likely for EIX to target $62.5 amid strong fundamentals. 30% probability of drifting to $55 with legal risks. 15% chance of trading sideways around $58 due to market uncertainty.
Implement Bullish Short Volatility strategy due to lower SPY correlation and attractive volatility surfaces, maximizing premium while hedging downside risks.
Assets that tend to move strongly with EIX
PHM PulteGroup (0.83)
LHX L3Harris (0.82)
ITB BTC iShares U.S. Home Construction (0.78)
AMH American Homes 4 Rent (0.78)
LDOS Leidos (0.77)
Assets with little price relationship to EIX
GCO Genesco (-0.0)
CNI Canadian National Railway (0.0)
SAP Sap SE (0.01)
WFRD Weatherford International plc - New (0.01)
UBER Uber (-0.01)
Assets that tend to move strongly against EIX
LABD Direxion Daily S&P Biotech Bear 3X Shares (-0.68)
CORN Teucrium Corn (-0.69)
RMBS Rambus (-0.7)
ACI Albertsons Companies (-0.72)
CRSR Corsair Gaming (-0.74)
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