FOXA Forecast + Trading Strategies


Bullish Case: FOXA's entry into the UK market with Tubi boosts growth prospects. Lower implied volatility reflects market confidence.


Bearish Case: Increased competition and saturated market limit upside. Higher implied IV in short-term signals potential downside risks.


Potential Outcomes: Sideways movement (40%), significant bounce (30%), sharp decline (30%).


Trading Oracle: Trade bullish credit spreads expiring in ~66 days. Sell 2x $35.0 PUTs and buy 3x $31.0 PUTs. High probability (73%), positive edge, risk-to-reward.


July 17, 2024


Fox Corporation - Forecast

FOXA      Fox Corporation -











Correlated Assets

Assets that tend to move strongly with FOXA



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.43)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.4)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.19)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.42)



Uncorrelated Assets

Assets with little price relationship to FOXA



VFC Forecast + Options Trading Strategies   VFC  VF (-0.19)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.4)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.42)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.43)



Anticorrelated Assets

Assets that tend to move strongly against FOXA



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.43)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.4)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.19)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.42)





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