Bullish Case: NTRS's resilient performance despite macro headwinds, with a recent uptick in price and significant bullish short volatility potential, suggests a positive near-term outlook.


Bearish Case: A mean-reverting price with a flat options term structure and geopolitical tensions may limit upside, possibly signaling caution.


Potential Outcomes:

1. NTRS rallies modestly in short-term (60%), supported by bearish short volatility strategies.

2. Slight price correction due to external shocks (30%).

3. Significant unexpected news causes large volatility (10%).


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April 04, 2024


Northern Forecast

NTRS        Northern
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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