IDA Forecast


Bullish Case: IDA's stable dividends and signs of undervaluation amid mean-reverting historical returns could prompt a rebound in investors' confidence. Historical price returns indicate a likelihood of price gains over holding periods.


Bearish Case: Elevated market volatility and recent price underperformance could exacerbate bearish sentiment, leading to further depreciation. Negative investor outlook shown in implied volatility divergence between helium and market projections.


Potential Outcomes: Stability around current price levels (40%), modest appreciation as investors realize undervaluation (30%), further depreciation due to prolonged bearish sentiment (30%).


Trading Oracle: Opt for a debit spread strategy, leveraging Helium long volatility position. Bullish medium-term outlook suggests buying call spreads with strikes near current price, expiring in 3-6 months. This balances mean-reverting historical returns and potential for rebound, with moderate risk-reward.


July 14, 2024


Idacorp Forecast

IDA      Idacorp











Correlated Assets

Assets that tend to move strongly with IDA



VFC Forecast + Options Trading Strategies   VFC  VF (0.42)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.35)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.16)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.34)



Uncorrelated Assets

Assets with little price relationship to IDA



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.16)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.34)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.35)


VFC Forecast + Options Trading Strategies   VFC  VF (0.42)



Anticorrelated Assets

Assets that tend to move strongly against IDA



VFC Forecast + Options Trading Strategies   VFC  VF (0.42)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.35)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.16)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.34)





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