Price Forecast:

Bullish Case: NVT may see increased institutional interest, driven by strong earnings reports and favorable market conditions, suggesting potential for a price increase above $85 in the coming months.

Bearish Case: Potential operational challenges and profit-taking could pressure NVT, leading to a correction and possible dip back towards $70, especially if broader market sentiment weakens.

Potential Outcomes:

• 1) Continued institutional buying, driving price above $85: 35%
• 2) Profit-taking causes a pullback towards $70: 30%
• 3) Operational setbacks impact performance, leading to a drop to $65: 20%
• 4) Broad economic factors induce volatility and uncertainty: 15%

Trading Oracle: Consider initiating a bullish debit spread by buying the 12/20/2024 $80 call and selling the $85 call to leverage potential upside while managing risk. High implied volatility indicates favorable conditions. Hold for 30-60 days to capture expected gains as earnings catalyze movement.

November 23, 2024