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MGNI Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: MGNI is poised for an upswing as its strategic partnerships are likely to enhance ad revenue, positively impacting market sentiment. Furthermore, the options market reflects greater confidence with elevated implied volatility for near-term calls compared to puts, suggesting bullish potential.



Bearish Case: Despite recent gains, MGNI faces pressure from heightened market uncertainty and past insider selling. Persistently high implied volatility, particularly for puts, indicates ongoing bearish sentiment, which could hinder upward price movement.



Potential Outcomes:
  • 40%: Stability around $16.81 due to market digestion.
  • 30%: Rally towards $19 due to positive ad market shifts.
  • 30%: Decline to mid-$15s if sentiment worsens.



Trading Oracle: Initiate a bullish strategy by executing a debit spread: buy 1 $15 call and sell 1 $17 call, expiring January 2025. The optimism around partnerships and relatively high implied volatility suggests 70% probability of profit with a potential return of 50%.


December 11, 2024


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MGNI        Magnite

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Correlated Assets

Assets that tend to move strongly with MGNI


AGIO Forecast + Options Trading Strategies   AGIO  Agios Pharmaceuticals (0.89)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (0.84)


HIMS Forecast + Options Trading Strategies   HIMS  Hims & Hers Health (0.84)


EBS Forecast + Options Trading Strategies   EBS  Emergent Biosolutions (0.84)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.83)



Uncorrelated Assets

Assets with little price relationship to MGNI


LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (-0.0)


BYD Forecast + Options Trading Strategies   BYD  Boyd Gaming (0.0)


EWY Forecast + Options Trading Strategies   EWY  iShares MSCI South Korea (0.01)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.01)


NET Forecast + Options Trading Strategies   NET  Cloudflare (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against MGNI


DNUT Forecast + Options Trading Strategies   DNUT  Krispy Kreme (-0.77)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (-0.77)


BGS Forecast + Options Trading Strategies   BGS  B&G Foods (-0.77)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (-0.8)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.82)







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