FOXF Forecast


Bullish Case: With upcoming events like the Hennessey truck release, demand could surge, and implied volatility suggests potential for profit as market sentiment shifts positively, driving stock prices higher.


Bearish Case: Ongoing institutional selling and negative sentiment coupled with potential underperformance in earnings could lead to further declines, as suggested by low historical returns and high implied volatility levels.


Potential Outcomes:

1. 30% chance of a price rebound to $60 driven by strong demand and upcoming product launches.

2. 50% chance of stabilization around $51 due to mixed market signals.

3. 20% chance of a drop to $45 linked to broader market volatility.


Trading Oracle: Consider a bullish debit spread, buying FOXF 55.00 calls for August and selling 70.00 calls. This captures upside while mitigating risk, leveraging the high implied volatility environment for potential upside profit. Focus on a 30-45 day expiration for maximum edge.


July 26, 2024


Fox Factory Forecast

FOXF      Fox Factory











Correlated Assets

Assets that tend to move strongly with FOXF



VFC Forecast + Options Trading Strategies   VFC  VF (0.88)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.68)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.45)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.76)



Uncorrelated Assets

Assets with little price relationship to FOXF



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.45)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.68)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.76)


VFC Forecast + Options Trading Strategies   VFC  VF (0.88)



Anticorrelated Assets

Assets that tend to move strongly against FOXF



VFC Forecast + Options Trading Strategies   VFC  VF (0.88)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.68)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.45)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.76)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FOXF


 Ask any question about FOXF!