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HPQ Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: HPQ's implied volatility suggests potential upward movement, indicating possible strong performance driven by demand for its AI advancements and favorable market conditions. Recent bullish options trading volume supports this optimism.



Bearish Case: Despite a strong historical performance, ongoing supply chain issues and potential downturns in PC market demand could hinder HPQ's recovery, leading to declining revenues and negative price pressure.



Potential Outcomes:

1. 70% Probability: Continued high demand for HPQ's AI-focused products results in strong Q4 earnings.

2. 20% Probability: Supply chain issues exacerbate, leading to disappointing performance.

3. 10% Probability: Economic downturn negatively impacts consumer spending, affecting HPQ sales.



Trading Oracle: Consider entering a bullish debit spread by buying the $38.00 call and selling the $39.00 call, expiring in December 2024. This strategy capitalizes on HPQ's expected price increase while managing risk with defined maximum losses. Strong volatility suggests a tactical entry point with robust potential returns and low downside exposure.


November 12, 2024


HP Forecast

HPQ        HP

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HPE Forecast + Options Trading Strategies   HPE  Hewlett Packard Enterprise (0.87)


EBS Forecast + Options Trading Strategies   EBS  Emergent Biosolutions (0.86)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.85)


HOOD Forecast + Options Trading Strategies   HOOD  Robinhood Markets (0.85)


RDW Forecast + Options Trading Strategies   RDW  Redwire (0.85)



Uncorrelated Assets

Assets with little price relationship to HPQ


MCD Forecast + Options Trading Strategies   MCD  McDonald's (0.0)


TGT Forecast + Options Trading Strategies   TGT  Target (0.0)


BG Forecast + Options Trading Strategies   BG  Bunge (-0.01)


ILMN Forecast + Options Trading Strategies   ILMN  Illumina (0.01)


INTU Forecast + Options Trading Strategies   INTU  Intuit (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HPQ


MED Forecast + Options Trading Strategies   MED  Medifast (-0.77)


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


COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.79)


TXG Forecast + Options Trading Strategies   TXG  10x Genomics (-0.8)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.83)







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