INBK Forecast


Bullish Case: INBK shows significant insider buying and institutional interest, suggesting strong confidence. Despite recent price declines, historical patterns indicate potential for substantial recovery.


Bearish Case: INBK's price has dropped 60% in the last year, correlating with a 54% drop in EPS. High implied volatility signals continued uncertainty and potential downside risks.


Potential Outcomes: INBK stabilizes near current prices (50% probability), faces a correction from profit-taking (30%), or surpasses targets due to institutional momentum (20%).


Trading Oracle: Consider debit spreads expiring in Aug 2024 to leverage higher volatility. Bullish outlook with a 1-2 month timeframe. Buying near-term ATM calls capitalizes on potential mid-term spikes. Use stop-losses.


June 30, 2024


First Internet Bancorp Forecast

INBK      First Internet Bancorp











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Assets that tend to move strongly with INBK



H Forecast + Options Trading Strategies   H  Hyatt Hotels (0.91)


ICE Forecast + Options Trading Strategies   ICE  Intercontinental Exchange (0.88)


CINF Forecast + Options Trading Strategies   CINF  Cincinnati Financial (0.86)


HD Forecast + Options Trading Strategies   HD  Home Depot (0.84)


GEO Forecast + Options Trading Strategies   GEO  Geo Group (0.82)



Uncorrelated Assets

Assets with little price relationship to INBK



GUSH Forecast + Options Trading Strategies   GUSH  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.07)


INSP Forecast + Options Trading Strategies   INSP  Inspire Medical Systems (0.15)


LTPZ Forecast + Options Trading Strategies   LTPZ  PIMCO 15+ Year U.S. TIPS Index Exchange-Traded (0.19)


AOSL Forecast + Options Trading Strategies   AOSL  Alpha & Omega Semiconductor (-0.23)


IEP Forecast + Options Trading Strategies   IEP  Icahn (-0.25)



Anticorrelated Assets

Assets that tend to move strongly against INBK



IEP Forecast + Options Trading Strategies   IEP  Icahn (-0.25)


EVLV Forecast + Options Trading Strategies   EVLV  Evolv (-0.34)


PII Forecast + Options Trading Strategies   PII  Polaris (-0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.54)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.55)





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