HUT Forecast + Trading Strategies


Bullish Case: Increasing Implied Volatility suggests potential bullish sentiment around HUT, particularly with upcoming catalysts like the Bitcoin ETF approval likely realizing positive returns.


Bearish Case: Current flat price movement amid high implied volatility signals market uncertainties, which could lead to downside risks if market conditions worsen or earnings disappoint.


Potential Outcomes:

1) Bitcoin ETF approval: 80%, bullish impact;

2) Ongoing crypto volatility: 70%, bearish impact;

3) Revenue growth as mining operations scale: 60%, potential upside.


Trading Oracle: Consider implementing a bullish debit spread by buying HUT 20.00 Call and selling 21.00 Call, targeting upcoming volatility rise. With current high implied volatility, this approach maximizes upside while limiting risk.


July 24, 2024


Hut 8 Mining Forecast

HUT      Hut 8 Mining











Correlated Assets

Assets that tend to move strongly with HUT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.74)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.12)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.61)



Uncorrelated Assets

Assets with little price relationship to HUT



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.12)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.61)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.74)



Anticorrelated Assets

Assets that tend to move strongly against HUT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.74)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.12)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.61)





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