HOPE Forecast


Bullish Case: HOPE's recent price action has been positive with a 13.7% increase over the past week. If this momentum continues, the stock might leverage its historical moderate growth potential and strong institutional support.


Bearish Case: Despite recent price gains, HOPE's overall long-term performance is weak. AI price forecasts are neutral to negative, and institutional selling indicates potential downside risks. High implied volatility suggests market uncertainty.


Potential Outcomes:

1. Small price gain (+5-10%): 40% (recent uptick).

2. Small price drop (-5-10%): 30% (institutional selling).

3. Moderate rally (+10-20%): 20% (potential momentum continuation).

4. Moderate decline (-10-20%): 10% (overall weak long-term performance).


Trading Oracle: Sell August 16, 2024, 12.50 Calls to capitalize on expected premium decay and limited upside. Given neutral AI forecast, choose Helium Short Volatility with a 1-month outlook. High probability of profit from time decay and positive edge through option premium. No fluff, just valuable alpha.


July 16, 2024


Hope Bancorp Forecast

HOPE      Hope Bancorp











Correlated Assets

Assets that tend to move strongly with HOPE



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.5)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.09)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.11)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.29)



Uncorrelated Assets

Assets with little price relationship to HOPE



VFC Forecast + Options Trading Strategies   VFC  VF (-0.09)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.11)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.29)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.5)



Anticorrelated Assets

Assets that tend to move strongly against HOPE



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.5)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.09)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.11)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.29)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HOPE


 Ask any question about HOPE!