Price Forecast:

Bullish Case: Strong growth potential exists, fueled by favorable political sentiment post-Trump's election. Increased crypto adoption could significantly boost IREN's market performance as investor confidence rises.

Bearish Case: High implied volatility (up to 175% in call options) indicates significant market anxiety. Rising operational costs and geopolitical uncertainties could impede stock gains, leading to volatility-driven price declines.

Potential Outcomes:

• Market stabilization and bullish trend (35%)
• Increased operational risks affecting earnings (25%)
• Sudden geopolitical events impacting operations (20%)
• Continued investor confidence driving price growth (20%)

Trading Oracle: Execute a bullish debit spread by purchasing $10.50 calls and selling $12 calls, targeting an expiration in 14 days. Given upward pricing momentum and high implied volatility, this strategy optimally capitalizes on expected price surges with defined risk.

November 23, 2024