ITT Forecast


Bullish Case: ITT's historical robustness, 42% higher bullish risk, and long-term growth projections reinforce confidence in continued upward trajectory, aided by outpacing bearish risk. Volatility premium provides additional positive momentum.


Bearish Case: High implied volatility, insider selling, and flat recent price action signal potential headwinds. Market uncertainty, mean reversion, and insider caution raise red flags for medium-term performance.


Potential Outcomes:

1. Continued upward trend (45%).

2. Recession-driven downside (30%).

3. Stable flat movement (25%). Predictions integrate historical data, implied volatilities, and current market sentiment.


Trading Oracle: Initiate OTM put credit spreads around $125-$135 for the next 1-2 months, leveraging higher implied volatility and stable term structure. This conservative strategy captures premium, capitalizing on high probability of options expiring worthless.


June 30, 2024


ITT Forecast

ITT      ITT











Correlated Assets

Assets that tend to move strongly with ITT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.89)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.7)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.74)



Uncorrelated Assets

Assets with little price relationship to ITT



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.7)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.74)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.89)



Anticorrelated Assets

Assets that tend to move strongly against ITT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.89)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.7)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.74)





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