J Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: J's aggressive historical growth and a positive earnings forecast on December 15 suggest potential upside. The recent options volume favors calls, indicating bullish sentiment.




Bearish Case: High implied volatility and potential overall market weakness could lead to significant price drops. If earnings disappoint, J might see a downturn in line with broader trends.




Potential Outcomes:
  • 30% chance of a 5-10% rally post-earnings.
  • 50% chance of sideways trading near $138.
  • 20% chance of a 10% decline if market conditions worsen.




Trading Oracle: Consider a bullish debit spread using $140 calls and $145 calls, capturing potential upside ahead of the earnings report, balanced by limited downside risk due to high implied volatility. This strategy takes advantage of growing positive sentiment and targets high reward potential for short-term traders.



December 05, 2024


Jacobs Engineering Group Forecast

J        Jacobs Engineering Group











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