AI LEG Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: Implied volatility surface shows elevated volatility for near-term options, suggesting traders expect price movements. Historical returns indicate potential recovery in longer holding periods, hinting at undervaluation and dividend appeal.


Bearish Case: Negative trends in historical returns and a high prevalence of put options signal market pessimism. The implied volatility indicates high uncertainty, suggesting risks of further declines driven by weak fundamentals.


Potential Outcomes:

1) 40% chance of gradual recovery as investors seek value in high yield.

2) 35% chance of continued decline as economic factors pressure performance.

3) 25% chance of stagnant performance amid ongoing market volatility.


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October 04, 2024


Leggett & Platt Forecast

LEG      Leggett & Platt











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PTLO Forecast + Options Trading Strategies   PTLO  Portillos (0.91)


CPRI Forecast + Options Trading Strategies   CPRI  Capri (0.91)



Uncorrelated Assets

Assets with little price relationship to LEG



TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.01)


SNAP Forecast + Options Trading Strategies   SNAP  Snapchat (0.01)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (0.01)


GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (0.01)


UBT Forecast + Options Trading Strategies   UBT  ProShares Ultra 20+ Year Treasury (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against LEG



BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.89)


CMRE Forecast + Options Trading Strategies   CMRE  Costamare (-0.89)


NRG Forecast + Options Trading Strategies   NRG  NRG Energy (-0.89)


NVO Forecast + Options Trading Strategies   NVO  Novo Nordisk (-0.9)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.93)





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