Price Forecast:

Bullish Case: Increased demand for reliable news amidst deepfake proliferation could drive NWSA's value higher, especially with legislative changes like JCPA fortifying its market position.

Bearish Case: Declining cable viewership and rising competition from digital platforms might erode NWSA’s credibility and profitability, risking significant downturns in its stock performance.

Potential Outcomes:

1. 40%: Significant demand for credible news boosts NWSA's stock.

2. 30%: JCPA enhances revenue streams for traditional media.

3. 30%: Deepfake threats undermine trust, depress advertising income.

4. 70%: Continued cable decline harms viewership and ad revenue.

5. 25%: Legal matters negatively impact reputation.

Trading Oracle: Implement a long call debit spread, targeting 30.00 strikes with expiration in early 2025. Anticipate increased volatility from election-related news, leveraging low implied volatility. Focus on capturing upside while hedging against potential downturns through short puts at 25.00. Aim for premiums amidst favorable market movements.

November 03, 2024