FOUR Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: FOUR benefits from strong strategic partnerships and increased market share. The current backwardation in volatility suggests short-term optimism, supported by significant call option activity, indicating potential upward momentum.




Bearish Case: The downside risks include competitive pressure and a saturated market, with flat trading volumes and historical mean-reverting tendencies. The backwardation in IV might revert, signaling potential declines if earnings or partnerships disappoint.




Potential Outcomes:

1. Price increases (35%) due to partnerships or earnings surprises.

2. Stabilizes (40%) amidst mixed market signals.

3. Declines (25%) if economic uncertainties or market saturation impacts.



April 26, 2025


Shift4 Payments Forecast

FOUR        Shift4 Payments











Correlated Assets

Assets that tend to move strongly with FOUR



AXP Forecast + Options Trading Strategies   AXP  American Express (0.94)


PFGC Forecast + Options Trading Strategies   PFGC  Performance Food (0.94)


LITE Forecast + Options Trading Strategies   LITE  Lumentum (0.94)


RCL Forecast + Options Trading Strategies   RCL  Royal Caribbean (0.93)


IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.93)



Uncorrelated Assets

Assets with little price relationship to FOUR



CZR Forecast + Options Trading Strategies   CZR  Caesars Entertainment (-0.0)


DAN Forecast + Options Trading Strategies   DAN  Dana (-0.0)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (-0.01)


EIX Forecast + Options Trading Strategies   EIX  Edison International (-0.01)


TAL Forecast + Options Trading Strategies   TAL  TAL Education (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FOUR



VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.8)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (-0.81)


EC Forecast + Options Trading Strategies   EC  Ecopetrol SA (-0.81)


UDN Forecast + Options Trading Strategies   UDN  Invesco DB US Dollar Index Bearish (-0.83)


DG Forecast + Options Trading Strategies   DG  Dollar General (-0.92)









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