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PICK Forecast



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: A strong institutional interest in Bitcoin ETFs like PICK, alongside increasing social media sentiment favoring a crypto recovery, indicates possible bullish momentum.



Bearish Case: Continued regulatory scrutiny and high implied volatility suggest potential for sharp downturns, especially if macroeconomic factors worsen or if skepticism around Bitcoin intensifies.



Potential Outcomes:
  • 40%: Gradual recovery towards $40 as institutions re-engage.
  • 30%: Continued consolidation around $35.
  • 20%: Sharp downturn below $30 in response to negative macro news.
  • 10%: Sudden spike due to unforeseen bullish events.



Trading Oracle: Consider implementing a long debit spread using PICK 35.00 C and 40.00 C to capture upside if bullish sentiment prevails. Given high implied volatility, the risk/reward ratio remains attractive. Profile adjustments for bearish scenarios may include hedging with short puts near the $30 level.


December 20, 2024


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ETR Forecast + Options Trading Strategies   ETR  Entergy (0.71)


W Forecast + Options Trading Strategies   W  Wayfair (0.68)


SCCO Forecast + Options Trading Strategies   SCCO  Southern Copper (0.66)



Uncorrelated Assets

Assets with little price relationship to PICK


DDOG Forecast + Options Trading Strategies   DDOG  Datadog (-0.0)


QRVO Forecast + Options Trading Strategies   QRVO  Qorvo (0.0)


ASAN Forecast + Options Trading Strategies   ASAN  Asana (-0.0)


CPNG Forecast + Options Trading Strategies   CPNG  Coupang (0.0)


SOXS Forecast + Options Trading Strategies   SOXS  Direxion Daily Semiconductor Bear 3X Shares (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PICK


GENI Forecast + Options Trading Strategies   GENI  Genius Sports (-0.6)


GDYN Forecast + Options Trading Strategies   GDYN  Grid Dynamics (-0.62)


KIM Forecast + Options Trading Strategies   KIM  Kimco Realty (-0.63)


INFY Forecast + Options Trading Strategies   INFY  Infosys (-0.65)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.72)


PICK News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.







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