IDXX Forecast


Bullish Case: IDXX shows potential for recovery due to strong demand in pet diagnostics, supported by high implied volatility and bullish sentiment based on historical returns, indicating a 40% likelihood of growth.


Bearish Case: Insider selling and a high price-to-book ratio signal potential overvaluation, alongside decreased market confidence, suggesting a 30% chance of price decline as volatility remains elevated.


Potential Outcomes:

1. Strong growth (40% chance) driven by ongoing demand.

2. Stagnation (35% chance) due to neutral market sentiment.

3. Price decline (25% chance) linked to overvaluation concerns and insider selling.


Trading Oracle: Adopt a bullish strategy through a call debit spread, focusing on $500 and $520 strikes expiring in October. Volatility is favorable; potential for high returns if market recovers within 60 days.


July 25, 2024


Idexx Laboratories Forecast

IDXX      Idexx Laboratories











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Assets that tend to move strongly with IDXX



ABT Forecast + Options Trading Strategies   ABT  Abbott Laboratories (0.87)


ASO Forecast + Options Trading Strategies   ASO  Academy Sports and Outdoors (0.86)


ITW Forecast + Options Trading Strategies   ITW  Illinois Tool Works (0.85)


RXRX Forecast + Options Trading Strategies   RXRX  Recursion Pharmaceuticals (0.85)


THO Forecast + Options Trading Strategies   THO  Thor Industries (0.84)



Uncorrelated Assets

Assets with little price relationship to IDXX



AU Forecast + Options Trading Strategies   AU  AngloGold Ashanti Ltd (-0.0)


JKS Forecast + Options Trading Strategies   JKS  JinkoSolar (-0.0)


AWK Forecast + Options Trading Strategies   AWK  American Water Works (-0.0)


VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (0.0)


AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against IDXX



CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (-0.67)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.69)


REK Forecast + Options Trading Strategies   REK  ProShares Short Real Estate (-0.7)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.76)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.78)





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