NTAP Forecast + Trading Strategies


Bullish Case: NetApp's cloud advancements and AI-driven innovations hold potential for strong market performance, as reflected by positive earnings surprises and strategic partnerships.


Bearish Case: Market skepticism and potential legal or regulatory issues may hinder NTAP's ability to sustain its current growth, reflected by relatively high but flattening implied volatility.


Potential Outcomes: Key outcomes: Successful adoption of new capabilities (60%), market skepticism maintains flat price (30%), regulatory/legal challenges (10%).


Trading Oracle: Implement bullish short put credit spreads expiring in ~7 days. Sell 1 $126.0 put and buy 2 $122.0 puts. Strategy odds: 70%, Edge: $18, Positive edge aligned with recent trend uptick. Optimize returns leveraging NTAP's robust implied volatility profile.


July 21, 2024










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Assets that tend to move strongly with NTAP



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VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (0.97)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.97)


IVV Forecast + Options Trading Strategies   IVV  BTC iShares Core S&P 500 (0.97)


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (0.96)



Uncorrelated Assets

Assets with little price relationship to NTAP



CWH Forecast + Options Trading Strategies   CWH  Camping World (-0.0)


NEP Forecast + Options Trading Strategies   NEP  NextEra Energy (-0.0)


CORT Forecast + Options Trading Strategies   CORT  Corcept Therapeutics (-0.0)


GENI Forecast + Options Trading Strategies   GENI  Genius Sports (-0.0)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against NTAP



VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.94)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.95)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.96)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.96)





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