EXR Forecast


Bullish Case: Solid fundamentals and high rent growth signal strong occupancy prospects for EXR, with supportive insider buying indicating confidence in future performance. The overall self-storage demand continues to rise, suggesting recovery potential into 2025.


Bearish Case: Flat recent price action and increasing interest rates pose risks to EXR's growth. If market competition intensifies, slower occupancy growth may materialize, affecting revenues negatively amidst mounting cost pressures.


Potential Outcomes:

1) Continued revenue growth from high occupancy (65% chance).

2) Increased competitive pressures reducing margins (20% chance).

3) High-interest rates causing operational strain (10% chance).

4) Successful acquisitions enhancing market share (5% chance).


Trading Oracle: Implement a bullish strategy using debit spreads, buying EXR $175 calls and selling $180 calls for August expiry. This leverages potential price increases against current low implied volatility, targeting a high reward-to-risk ratio while capitalizing on rising market sentiment.


July 24, 2024


Extra Space Storage Forecast

EXR      Extra Space Storage











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Assets that tend to move strongly with EXR



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.73)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.05)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.3)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)



Uncorrelated Assets

Assets with little price relationship to EXR



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.05)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.3)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.73)



Anticorrelated Assets

Assets that tend to move strongly against EXR



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.73)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.05)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.3)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.58)





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