ITRI Forecast


Bullish Case: Itron's EPS estimates up, strong Q1 earnings, favorable Tech advancements, and optimistic analyst sentiment suggest further growth potential. High call options signify bullish momentum.


Bearish Case: Insider sales, market volatility, and recent downgrade by Piper Sandler raise concerns. Relative high implied volatility reflects uncertainty, suggesting potential downside risks.


Potential Outcomes:

1. Sustained earnings growth (60%): Driven by Tech advancements, Q3 results.

2. Insider sales impact (30%): Could hurt investor confidence.

3. Market conditions affect (10%): Unpredictable global factors.


Trading Oracle: Trade bullish debit spreads expiring in 1-2 months using ITM call options financed by selling higher strikes. Utilize August and September expiries to leverage reduced near-term volatility. High reward:risk with positive edge.


July 23, 2024


Itron Forecast

ITRI      Itron











Correlated Assets

Assets that tend to move strongly with ITRI



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.94)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.66)



Uncorrelated Assets

Assets with little price relationship to ITRI



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.66)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.94)



Anticorrelated Assets

Assets that tend to move strongly against ITRI



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.94)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.44)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.66)





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