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PGNY Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: PGNY's strong projected growth in clients and favorable market conditions position it for substantial recovery, evidenced by a bullish sentiment detected in option volumes and positive investor outlook.



Bearish Case: The recent loss of a significant client (13% of revenue) alters market sentiment negatively. Heightened competition and macroeconomic uncertainty may dampen PGNY’s growth prospects, leading to further price declines.



Potential Outcomes:

1. Client retention and new contracts boost revenue growth (45% chance).

2. Competition slows growth trajectory (25% chance).

3. Macroeconomic instability hinders investments (20% chance).

4. Technological advancements enhance client services (10% chance).



Trading Oracle: Consider a bearish long put spread, selling the PGNY 17.50 P and buying the PGNY 15.00 P to utilize high implied volatility. This strategy leverages expected downward trends while managing risk with favorable pricing dynamics; aim for a holding period within 30-45 days for optimal results.


October 27, 2024


Progyny Forecast

PGNY        Progyny

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Correlated Assets

Assets that tend to move strongly with PGNY


RCKT Forecast + Options Trading Strategies   RCKT  Rocket Pharmaceuticals (0.95)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (0.94)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (0.93)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.92)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (0.92)



Uncorrelated Assets

Assets with little price relationship to PGNY


AVXL Forecast + Options Trading Strategies   AVXL  Anavex Life Sciences (-0.0)


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


FVRR Forecast + Options Trading Strategies   FVRR  Fiverr (-0.0)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (0.0)


SOFI Forecast + Options Trading Strategies   SOFI  SoFi (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PGNY


D Forecast + Options Trading Strategies   D  Dominion Energy (-0.93)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (-0.93)


NGD Forecast + Options Trading Strategies   NGD  New Gold (-0.93)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (-0.94)


PEG Forecast + Options Trading Strategies   PEG  Public Service Enterprise (-0.96)







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