IEP Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: IEP could rally as call options trade significantly higher, showing bullish sentiment. Icahn's strategic maneuvers and clearing legal hurdles may enhance investor confidence.




Bearish Case: IEP faces declining historical returns and legal uncertainties. Backwardation in implied volatility suggests persistent short-term pressures, possibly leading to further declines.




Potential Outcomes:
  1. Successful restructuring drives recovery (30%).
  2. Legal challenges depress prices (50%).
  3. Stagnation with mild fluctuations (20%).



April 24, 2025


Icahn Forecast

IEP        Icahn











Correlated Assets

Assets that tend to move strongly with IEP



DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.95)


COTY Forecast + Options Trading Strategies   COTY  Coty (0.92)


CRON Forecast + Options Trading Strategies   CRON  Cronos (0.92)


STM Forecast + Options Trading Strategies   STM  New York Shares (0.92)


RCKT Forecast + Options Trading Strategies   RCKT  Rocket Pharmaceuticals (0.91)



Uncorrelated Assets

Assets with little price relationship to IEP



MOD Forecast + Options Trading Strategies   MOD  Modine Manufacturing (0.0)


FLYW Forecast + Options Trading Strategies   FLYW  Flywire (0.01)


ZETA Forecast + Options Trading Strategies   ZETA  Zeta Global Holdings Corp (-0.02)


BHC Forecast + Options Trading Strategies   BHC  Bausch Health Companies (0.02)


SG Forecast + Options Trading Strategies   SG  Sweetgreen (0.02)



Anticorrelated Assets

Assets that tend to move strongly against IEP



LRN Forecast + Options Trading Strategies   LRN  Stride (-0.87)


CHWY Forecast + Options Trading Strategies   CHWY  Chewy (-0.88)


FOXA Forecast + Options Trading Strategies   FOXA  Fox Corporation - (-0.89)


SUPV Forecast + Options Trading Strategies   SUPV  Grupo Supervielle S.A. (-0.89)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.89)









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