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PCOR Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: PCOR shows elevated call option volume and higher implied volatility relative to historical norms, suggesting market optimism. A recovery in construction demand and stable customer performance could lead to significant upside in the near future.



Bearish Case: Ongoing insider selling signals a lack of confidence, while the recent price trend and high implied volatility suggest potential for downward movement. External macroeconomic factors could exacerbate this bearish outlook.



Potential Outcomes:

1. Recovery due to increased market optimism (30%).

2. Continued decline driven by insider selling and market uncertainty (45%).

3. Stability around current price with low volatility (25%).



Trading Oracle: Implement a bullish debit spread: buy the $55 call and sell the $60 call. With elevated implied volatility, this strategy capitalizes on potential upward price movements while managing risk effectively. The anticipated reward-to-risk ratio is favorable with probabilities suggesting a robust edge: 75% chance of profit.


October 30, 2024


Procore Forecast

PCOR        Procore

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Correlated Assets

Assets that tend to move strongly with PCOR


PLAY Forecast + Options Trading Strategies   PLAY  Dave & Buster's Entertainment (0.85)


FROG Forecast + Options Trading Strategies   FROG  JFrog (0.85)


CODI Forecast + Options Trading Strategies   CODI  Compass Diversified (0.84)


ARVN Forecast + Options Trading Strategies   ARVN  Arvinas (0.84)


VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (0.82)



Uncorrelated Assets

Assets with little price relationship to PCOR


TTE Forecast + Options Trading Strategies   TTE  TotalEnergies SE (-0.0)


TWLO Forecast + Options Trading Strategies   TWLO  Twilio (-0.0)


CSWC Forecast + Options Trading Strategies   CSWC  Capital Southwest (0.0)


PPSI Forecast + Options Trading Strategies   PPSI  Pioneer Power (0.01)


IGM Forecast + Options Trading Strategies   IGM  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against PCOR


CIM Forecast + Options Trading Strategies   CIM  Chimera Investment (-0.68)


TAC Forecast + Options Trading Strategies   TAC  Transalta (-0.71)


APD Forecast + Options Trading Strategies   APD  Air Products & Chemicals (-0.72)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (-0.74)


AWK Forecast + Options Trading Strategies   AWK  American Water Works (-0.75)







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