NOBL Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Bullish sentiment may prevail as the NOBL options market shows heightened call activity, suggesting a robust demand may drive prices upwards, complemented by potential improvements in economic conditions.




Bearish Case: A bearish sentiment may arise from elevated volatility indicated by the implied volatility surface, suggesting potential for price swings that could lead to declines, particularly if market conditions worsen unexpectedly.




Potential Outcomes:

1. NOBL increases by 5% (40% chance) if current bullish sentiment holds.

2. Price remains stable (30% chance) due to mixed economic signals.

3. NOBL declines by 10% (30% chance) triggered by volatility spikes and negative market developments.




Trading Oracle: Engage in a bullish debit spread by buying the NOBL 106.00 C and selling the NOBL 107.00 C to capitalize on anticipated upward movement. This strategy utilizes higher implied volatility for a net cost under $1. Time horizon: near-term; risk management through premium decay.



November 17, 2024


ProShares S&P 500 Dividend Aristocrats Forecast

NOBL        ProShares S&P 500 Dividend Aristocrats











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Assets with little price relationship to NOBL



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BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (-0.0)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (0.01)


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Anticorrelated Assets

Assets that tend to move strongly against NOBL



CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (-0.81)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.82)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.82)


EWCZ Forecast + Options Trading Strategies   EWCZ  European Wax Center (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)









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