OPEN Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Positive social sentiment and innovative home-buying technology can drive OPEN's growth despite market volatility.




Bearish Case: Persistent negative historical returns and high implied volatility suggest continued market skepticism towards OPEN.




Potential Outcomes:
  • Further declines in OPEN price (30%)
  • Minor recovery due to technological innovation (25%)
  • Continued market volatility maintaining current price levels (45%)




Trading Oracle: Position with a bearish debit spread; buy 1.00 puts expiring in May 2025, sell 2.00 puts. High volatility and downward trend suggest this negative outlook. The time frame of 3-4 months captures potential downside as uncertainty persists.



February 04, 2025


Opendoor Forecast

OPEN        Opendoor











Correlated Assets

Assets that tend to move strongly with OPEN



WSC Forecast + Options Trading Strategies   WSC  WillScot Mobile Mini (0.86)


CNI Forecast + Options Trading Strategies   CNI  Canadian National Railway (0.83)


ARVN Forecast + Options Trading Strategies   ARVN  Arvinas (0.83)


LEA Forecast + Options Trading Strategies   LEA  Lear (0.83)


NTLA Forecast + Options Trading Strategies   NTLA  Intellia Therapeutics (0.82)



Uncorrelated Assets

Assets with little price relationship to OPEN



PAYC Forecast + Options Trading Strategies   PAYC  Paycom Software (0.01)


ACN Forecast + Options Trading Strategies   ACN  Accenture (0.01)


AMLX Forecast + Options Trading Strategies   AMLX  AMLX (-0.01)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.02)


DNN Forecast + Options Trading Strategies   DNN  Denison Mines (0.02)



Anticorrelated Assets

Assets that tend to move strongly against OPEN



NOK Forecast + Options Trading Strategies   NOK  Nokia (-0.73)


KNTK Forecast + Options Trading Strategies   KNTK  Kinetik (-0.73)


K Forecast + Options Trading Strategies   K  Kellogg (-0.73)


CRS Forecast + Options Trading Strategies   CRS  Carpenter Technology (-0.73)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.75)









Become a more profitable investor with AI optimized trading strategies






×

Chat with OPEN


 Ask any question about OPEN!