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EIX Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: EIX shows potential for upward movement due to anticipated increased demand for electricity and consistent dividend growth, suggesting a stable economic environment for expansion.



Bearish Case: Regulatory pressures and concerns over wildfire claims may dampen future earnings, indicating potential downside risks for EIX, especially with increased put option trading volume suggesting bearish sentiment.



Potential Outcomes:

1. 50% chance EIX hits $90 due to rising demand.

2. 20% chance it dips to $75 due to regulatory risks.

3. 30% likelihood of sideways trading around $85 as market adjusts.



Trading Oracle: Implement a bullish put credit spread at the $82.5 strike, alongside buying $77.5 puts for risk mitigation. This strategy capitalizes on high probability of profit (80%) with a 20% potential return, resulting in noteworthy risk-adjusted returns.


November 12, 2024


Edison International Forecast

EIX        Edison International

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Correlated Assets

Assets that tend to move strongly with EIX


DUK Forecast + Options Trading Strategies   DUK  Duke Energy (0.97)


EVRG Forecast + Options Trading Strategies   EVRG  Evergy (0.96)


SO Forecast + Options Trading Strategies   SO  Southern (0.95)


NEE Forecast + Options Trading Strategies   NEE  NextEra Energy (0.95)


FE Forecast + Options Trading Strategies   FE  Firstenergy (0.95)



Uncorrelated Assets

Assets with little price relationship to EIX


MAT Forecast + Options Trading Strategies   MAT  Mattel (-0.0)


GLBE Forecast + Options Trading Strategies   GLBE  Global E Online (-0.0)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.0)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.0)


TWLO Forecast + Options Trading Strategies   TWLO  Twilio (0.0)



Anticorrelated Assets

Assets that tend to move strongly against EIX


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.86)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (-0.86)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.86)


METC Forecast + Options Trading Strategies   METC  Ramaco Resources (-0.86)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.88)







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