Price Forecast:

Bullish Case: The bullish case hinges on recovering marine sector demand, driven by successful product launches and strategic partnerships. Recent stabilization in implied volatility suggests reduced risk, potentially allowing for upward price momentum as institutional interest increases.

Bearish Case: The bearish case is characterized by persisting economic challenges and high market volatility. If consumer spending declines further, MPX may face significant downward pressure, particularly if macroeconomic indicators worsen by early 2025.

Potential Outcomes:

• 1. Recovery in marine sector demand (60% probability).
• 2. Continued economic pressure affecting consumer spending (30% probability).
• 3. Price stagnation due to indeterminate market conditions (10% probability).

Trading Oracle: Given current volatility trends indicating potential for a short-term recovery, consider initiating a bullish long call debit spread targeting strikes around $11 for late January 2025 options. This leverages favorable market sentiment and minimizes risk exposure in a volatile market. Focus on near-term earning catalysts to optimize returns.

November 26, 2024