EXTR Forecast + Trading Strategies


Bullish Case: EXTR's recent uptick in analyst upgrades and positive market sentiment, coupled with strategic SaaS initiatives and strong SD-WAN adoption, suggests a potential rally.


Bearish Case: Persistent supply chain issues, competitive market pressures, and a high P/B ratio with low investor confidence could continue to drag EXTR's performance downwards.


Potential Outcomes: Future growth coupled with strategic initiatives (40%), supply chain and operational challenges persisting (35%), competitive pressures intensifying (25%).


Trading Oracle: Sell 1 $14.0 call options, buy 1 $16.0 call options expiring in ~28 days for bearish short volatility play. High reward-to-risk due to 74% market profit odds, leveraging flat term structure. Monitor sentiment and adjust based on real-time volatility.


July 20, 2024


Extreme Networks Forecast

EXTR      Extreme Networks











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NKLA Forecast + Options Trading Strategies   NKLA  Nikola (0.9)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (0.9)


NYCB Forecast + Options Trading Strategies   NYCB  New York Community Bancorp (0.9)



Uncorrelated Assets

Assets with little price relationship to EXTR



CVLG Forecast + Options Trading Strategies   CVLG  Covenant Logistics (-0.0)


WGO Forecast + Options Trading Strategies   WGO  Winnebago Industries (-0.0)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (0.0)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.0)


UNIT Forecast + Options Trading Strategies   UNIT  Uniti (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against EXTR



QNST Forecast + Options Trading Strategies   QNST  QuinStreet (-0.9)


OWL Forecast + Options Trading Strategies   OWL  Blue Owl (-0.9)


TM Forecast + Options Trading Strategies   TM  Toyota Motor (-0.91)


NTNX Forecast + Options Trading Strategies   NTNX  Nutanix (-0.92)


ALL Forecast + Options Trading Strategies   ALL  Allstate (-0.92)





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