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IRTC Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: IRTC could rebound if institutional interests increase, alongside positive product developments, potentially driving stock price upwards and improving investor confidence.



Bearish Case: IF ongoing regulatory scrutiny and market volatility persist, IRTC may face downward pressure, exacerbated by low trading volumes and high implied volatility in put options.



Potential Outcomes:

1. 40% chance IRTC stabilizes due to institutional support.

2. 30% chance of resurgence in stock price from product announcements.

3. 30% chance continued decline driven by regulatory issues.



Trading Oracle: Utilize a bullish debit spread, buying 1 $90 call while selling 1 $110 call, given implied volatility is high and risk premium is available. Focus on earnings reports for potential price movements. Target near November 15 expiration for quick alpha capture.


November 08, 2024


iRhythm Forecast

IRTC        iRhythm

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Assets that tend to move strongly with IRTC


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TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.87)


PLAY Forecast + Options Trading Strategies   PLAY  Dave & Buster's Entertainment (0.85)


SONO Forecast + Options Trading Strategies   SONO  Sonos (0.85)


CLF Forecast + Options Trading Strategies   CLF  Cleveland-Cliffs (0.85)



Uncorrelated Assets

Assets with little price relationship to IRTC


V Forecast + Options Trading Strategies   V  Visa (0.0)


ADM Forecast + Options Trading Strategies   ADM  Archer Daniels Midland (0.01)


EMR Forecast + Options Trading Strategies   EMR  Emerson Electric (-0.01)


BG Forecast + Options Trading Strategies   BG  Bunge (-0.01)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against IRTC


PAYO Forecast + Options Trading Strategies   PAYO  Payoneer (-0.81)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (-0.81)


AJG Forecast + Options Trading Strategies   AJG  Arthur J. Gallagher (-0.81)


SRE Forecast + Options Trading Strategies   SRE  Sempra Energy (-0.82)


SO Forecast + Options Trading Strategies   SO  Southern (-0.83)







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