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FNV Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: With market volatility for FNV expected to remain stable, and support around $125, coupled with a bullish skew in options trading, a recovery back towards $130 is plausible, driven by improved market sentiment.



Bearish Case: Given the flat short-term term structure and the proximity to resistance at $130, a decline toward $120 appears possible if broader market conditions deteriorate, with bearish sentiment reflected in the options market.



Potential Outcomes:

1. Price rebounds to $130 (55% chance) due to support resilience.

2. Price slips to $120 (30% chance) amid market instability.

3. Further decline below $115 (15% chance) if negative market sentiment prevails.



Trading Oracle: Implement a bullish short-volatility strategy by selling a $130.00 put and buying two $125.00 puts, targeting a high probability of profit (73%). With expected returns of 16% and adjustments for volatility participation, this setup leverages current market conditions while managing risk effectively.


November 08, 2024


Franco-Nevada Forecast

FNV        Franco-Nevada

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SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.88)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.88)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.88)



Uncorrelated Assets

Assets with little price relationship to FNV


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


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (-0.0)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (0.0)


LYB Forecast + Options Trading Strategies   LYB  LyondellBasell Industries (-0.0)


SBSW Forecast + Options Trading Strategies   SBSW  Sibanye Stillwater (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FNV


NKE Forecast + Options Trading Strategies   NKE  Nike (-0.76)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.76)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.76)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.79)


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.83)







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