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IGM Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Increased call volumes suggest bullish sentiment. Market stabilization or positive tech sector news could propel IGM towards recovery, driven by improvements in implied volatility and potential earnings growth.



Bearish Case: Continued overall market uncertainty and declining trends in historical returns may lead to downward pressure on IGM, particularly if broader economic conditions worsen or if the company’s strategic shifts face challenges.



Potential Outcomes:

1. Market rebound boosts IGM by 15% (45% probability).

2. Bearish news leads to a 10% drop (35% probability).

3. Sideways movement persists (20% probability).



Trading Oracle: Adopt a bullish debit spread strategy by buying IGM 100.00C and selling IGM 102.00C expiring in December 2024. High implied volatility suggests upward price movements could yield significant returns. Monitor for catalysts in the tech sector that could reinforce bullish positions.


October 29, 2024


BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector Forecast

IGM        BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector

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Correlated Assets

Assets that tend to move strongly with IGM


IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.94)


SOXX Forecast + Options Trading Strategies   SOXX  BTC iShares PHLX Semicond (0.87)


AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (0.8)


WMT Forecast + Options Trading Strategies   WMT  Walmart (0.78)


IYT Forecast + Options Trading Strategies   IYT  BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation (0.74)



Uncorrelated Assets

Assets with little price relationship to IGM


IBB Forecast + Options Trading Strategies   IBB  BlackRock Institutional Trust Company N.A. - iShares Biotechnology (-0.0)


AOSL Forecast + Options Trading Strategies   AOSL  Alpha & Omega Semiconductor (0.0)


PAYX Forecast + Options Trading Strategies   PAYX  Paychex (0.0)


NXST Forecast + Options Trading Strategies   NXST  Nexstar Media (-0.0)


SBSW Forecast + Options Trading Strategies   SBSW  Sibanye Stillwater (0.0)



Anticorrelated Assets

Assets that tend to move strongly against IGM


AL Forecast + Options Trading Strategies   AL  Air Lease Corp (-0.72)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.73)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.73)


CVE Forecast + Options Trading Strategies   CVE  Cenovus Energy (-0.73)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (-0.74)







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