ENTG Forecast + Trading Strategies


Bullish Case: The CHIPS Act funding, positive analyst ratings, and ENSG’s significant exposure to semiconductor trends create a robust upside potential.


Bearish Case: High debt levels, recent price decline, and potential market overvaluation with high implied volatility could drive down the stock price.


Potential Outcomes: Growth: 55% chance due to strategic expansions and favorable AI forecasts. Decline: 30% driven by debt and volatility. Flat price action: 15% amidst overall market uncertainties.


Trading Oracle: Initiate long call spreads due to elevated call option trade volume and bullish AI forecast. Buy November $135 calls and sell $145 calls to leverage term structure and implied volatility. Positive edge, good reward:risk, and high probability-of-profit.


July 23, 2024


Entegris Forecast

ENTG      Entegris











Correlated Assets

Assets that tend to move strongly with ENTG



LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (0.96)


H Forecast + Options Trading Strategies   H  Hyatt Hotels (0.95)


ARKF Forecast + Options Trading Strategies   ARKF  ARK Fintech Innovation (0.95)


SPHB Forecast + Options Trading Strategies   SPHB  Invesco Capital Management LLC - Invesco S&P 500 High Beta (0.95)


QTEC Forecast + Options Trading Strategies   QTEC  First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index (0.94)



Uncorrelated Assets

Assets with little price relationship to ENTG



BGS Forecast + Options Trading Strategies   BGS  B&G Foods (0.0)


CME Forecast + Options Trading Strategies   CME  CME (-0.0)


RUN Forecast + Options Trading Strategies   RUN  Sunrun (-0.0)


BALY Forecast + Options Trading Strategies   BALY  Ballys (0.01)


TWLO Forecast + Options Trading Strategies   TWLO  Twilio (0.01)



Anticorrelated Assets

Assets that tend to move strongly against ENTG



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.92)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.92)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.93)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.93)





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