PI Forecast + Trading Strategies


Bullish Case: Driven by solid revenue growth, positive cash flows, and bullish sentiment in call options, PI's future appears promising. Option volumes skew heavily towards calls and bullish risk exceeds bearish risk by 55%, supporting further upside potential.


Bearish Case: Potential for increased market volatility and insider selling acts as headwinds for PI. Elevated implied volatility in the near term suggests possible price correction as bearish sentiments dominate certain strikes and durations.


Potential Outcomes:

1. Continued positive growth due to operational performance (60%).

2. Market readjustment due to financial headwinds and overvaluation concerns (30%).

3. Stabilization with mixed indicators balancing out (10%).


Trading Oracle: Execute a bullish debit spread expiring in 45-60 days. Buy the $160 call, sell the $170 call. Current market implies a positive trend with the Helium volatility surface indicating a moderate edge. High reward-to-risk ratio and dominant call volume enhance probability of profit.


June 30, 2024


Impinj Forecast

PI      Impinj











Correlated Assets

Assets that tend to move strongly with PI



TXRH Forecast + Options Trading Strategies   TXRH  Texas Roadhouse (0.96)


AXP Forecast + Options Trading Strategies   AXP  American Express (0.96)


LAMR Forecast + Options Trading Strategies   LAMR  Lamar Advertising (0.96)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (0.95)


USFD Forecast + Options Trading Strategies   USFD  US Foods (0.95)



Uncorrelated Assets

Assets with little price relationship to PI



BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (-0.0)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (-0.0)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (-0.0)


MDLZ Forecast + Options Trading Strategies   MDLZ  Mondelez International (0.0)


W Forecast + Options Trading Strategies   W  Wayfair (0.01)



Anticorrelated Assets

Assets that tend to move strongly against PI



TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.92)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.92)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.93)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.93)





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