ONTO Forecast + Trading Strategies


Bullish Case: The surge in implied volatility suggests heightened market anticipation of upward movement in ONTO, driven by solid demand from AI sectors. Positive earnings reports could amplify this momentum.




Bearish Case: Ongoing insider selling raises investor skepticism, compounded by high implied volatility and recent price declines, potentially triggering further downward corrections in stock price.




Potential Outcomes:

1. Positive earnings report boosting stock price (60%);

2. Insider selling leading to further declines (30%);

3. Sustained demand in AI sector prompting upward revisions (50%);

4. Economic downturn impacting demand (20%).




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November 14, 2024


Onto Innovation Forecast

ONTO        Onto Innovation











Correlated Assets

Assets that tend to move strongly with ONTO



QCOM Forecast + Options Trading Strategies   QCOM  Qualcomm (0.91)


KLAC Forecast + Options Trading Strategies   KLAC  KLA (0.89)


ASPN Forecast + Options Trading Strategies   ASPN  Aspen Aerogels (0.88)


TER Forecast + Options Trading Strategies   TER  Teradyne (0.88)


WING Forecast + Options Trading Strategies   WING  Wingstop (0.88)



Uncorrelated Assets

Assets with little price relationship to ONTO



FROG Forecast + Options Trading Strategies   FROG  JFrog (-0.0)


CDLX Forecast + Options Trading Strategies   CDLX  Cardlytics (-0.0)


M Forecast + Options Trading Strategies   M  Macy's (-0.0)


BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (-0.0)


WEC Forecast + Options Trading Strategies   WEC  WEC Energy (0.01)



Anticorrelated Assets

Assets that tend to move strongly against ONTO



COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.78)


VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.79)


LEG Forecast + Options Trading Strategies   LEG  Leggett & Platt (-0.79)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.79)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.81)









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