ESTA Forecast


Bullish Case: Despite recent declines, ESTA maintains strong bullish tonal sentiment with 81% more call option volume, and expected high revenue growth rates reach 23% per year.


Bearish Case: Flat options term structure and historical price patterns hint at potential further decline. ESTA's forecast is neutral (-0.44%), with consistent bearish sentiment highlighted by recent losses.


Potential Outcomes: Bearish trend continuation (35%), short-term recovery (40%), and sideways movement (25%). Impacts include earnings reports and macroeconomic events.


Trading Oracle: Initiate a bullish Helium Long Volatility strategy with debit spreads. Buy $45.00 strike call options expiring in 4 days, sell $50.00 calls. Forecast profit probability: 33%, expected edge: $-30, return on risk: 1 to 2.4. Capitalize on bullish sentiment and high call trading volume.


July 16, 2024


Establishment Labs Forecast

ESTA      Establishment Labs











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OGN Forecast + Options Trading Strategies   OGN  Organon (0.89)


VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (0.89)


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (0.88)


GPC Forecast + Options Trading Strategies   GPC  Genuine Parts (0.85)



Uncorrelated Assets

Assets with little price relationship to ESTA



URBN Forecast + Options Trading Strategies   URBN  Urban Outfitters (-0.0)


SSTK Forecast + Options Trading Strategies   SSTK  Shutterstock (0.0)


HD Forecast + Options Trading Strategies   HD  Home Depot (-0.0)


HQY Forecast + Options Trading Strategies   HQY  Healthequity (0.0)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against ESTA



UNH Forecast + Options Trading Strategies   UNH  Unitedhealth (-0.7)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (-0.71)


AKAM Forecast + Options Trading Strategies   AKAM  Akamai (-0.73)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.78)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.81)





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