PEG Forecast + Trading Strategies


Bullish Case: PEG shows strong historical returns and increasing call option volumes indicate market optimism. Upcoming infrastructure investments and a transition to clean energy could drive growth, leading to a bullish outlook.


Bearish Case: Regulatory challenges and potential equity dilution pose risks to PEG's performance. Recent earnings shortfall and bearish sentiment in the utilities sector could weigh heavily on stock prices.


Potential Outcomes:

1) EPS growth driven by infrastructure investment (60% chance).

2) Regulatory hurdles impair revenue forecasts (25% chance).

3) Market stability leads to flat performance (15% chance).


Trading Oracle: Utilize a bullish strategy by selling put credit spreads at $75, targeting expiration around September. With current implied volatility at lower levels, this approach captures premium while maintaining a high probability of profit, estimated at 75%. Consider adjusting strike prices based on market sentiment shifts.


July 25, 2024


Public Service Enterprise Forecast

PEG      Public Service Enterprise











Correlated Assets

Assets that tend to move strongly with PEG



SA Forecast + Options Trading Strategies   SA  Seabridge Gold (0.88)


SIVR Forecast + Options Trading Strategies   SIVR  Aberdeen Standard Physical Silver Shares (0.84)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.84)


ING Forecast + Options Trading Strategies   ING  ING Groep (0.83)


AGQ Forecast + Options Trading Strategies   AGQ  ProShares Ultra Silver (0.83)



Uncorrelated Assets

Assets with little price relationship to PEG



VIR Forecast + Options Trading Strategies   VIR  Vir Biotechnology (0.0)


JOE Forecast + Options Trading Strategies   JOE  St. Joe (0.0)


CFLT Forecast + Options Trading Strategies   CFLT  Confluent (0.0)


EXPD Forecast + Options Trading Strategies   EXPD  Expeditors International Of Washington (-0.0)


REM Forecast + Options Trading Strategies   REM  iShares Mortgage Real Est (0.0)



Anticorrelated Assets

Assets that tend to move strongly against PEG



SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.73)


ACAD Forecast + Options Trading Strategies   ACAD  Acadia Pharmaceuticals (-0.73)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.74)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.75)


JDST Forecast + Options Trading Strategies   JDST  Direxion Daily Junior Gold Miners Index Be (-0.8)





Become a more profitable investor with AI optimized trading strategies






×

Chat with PEG


 Ask any question about PEG!