FNKO Forecast


Bullish Case: Recent releases like Funko Fusion, particularly tied to strong franchises, could drive sales and investor interest, supported by high call options volume indicating positive market sentiment.


Bearish Case: Ongoing oversupply issues and leadership instability, compounded by high implied volatility, suggest potential price declines amid investor skepticism post-earnings and market uncertainty.


Potential Outcomes:

1. Successful launch of Funko Fusion leads to a 40% chance of price rally (20% increase);

2. Oversupply continues to depress brand value, 35% chance (10% drop);

3. Leadership stabilization improves investor sentiment, 25% chance (15% increase).


Trading Oracle: Engage in a bullish debit spread on FNKO using near-term calls (e.g., Aug 2024). Buy low-strike calls (like $10) and sell higher-strike calls (like $12) to capture upside. This strategy aligns with increased volatility expectations and positive event potential around product launches.


July 25, 2024


Funko Forecast

FNKO      Funko











Correlated Assets

Assets that tend to move strongly with FNKO



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.16)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.14)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.44)



Uncorrelated Assets

Assets with little price relationship to FNKO



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.14)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.16)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.44)



Anticorrelated Assets

Assets that tend to move strongly against FNKO



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.16)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.14)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.44)





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