IRTC Forecast


Bullish Case: Positive industry growth and rising institutional interest signal potential upside despite current uncertainties.


Bearish Case: Persistent regulatory challenges and insider selling suggest continued downward pressure in the short term.


Potential Outcomes: 55% flat, 25% decline due to regulatory issues, 20% rally on sector growth.


Trading Oracle: Trade short-term credit spreads with a bearish to neutral stance, focusing on options expiring within 30-60 days to capitalize on premium decay given flat volatility structure. High reward-to-risk ratio and increased likelihood of profit.


July 17, 2024


iRhythm Forecast

IRTC      iRhythm











Correlated Assets

Assets that tend to move strongly with IRTC



VTRS Forecast + Options Trading Strategies   VTRS  Viatris (0.85)


AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (0.81)


ABT Forecast + Options Trading Strategies   ABT  Abbott Laboratories (0.8)


ASO Forecast + Options Trading Strategies   ASO  Academy Sports and Outdoors (0.79)


NICE Forecast + Options Trading Strategies   NICE  NICE (0.79)



Uncorrelated Assets

Assets with little price relationship to IRTC



LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (0.0)


AU Forecast + Options Trading Strategies   AU  AngloGold Ashanti Ltd (-0.0)


CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (-0.0)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (-0.0)


SWBI Forecast + Options Trading Strategies   SWBI  Smith & Wesson Brands (0.0)



Anticorrelated Assets

Assets that tend to move strongly against IRTC



OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (-0.61)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.63)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.65)


MNSO Forecast + Options Trading Strategies   MNSO  MINISO Group Holding Ltd (-0.65)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.7)





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