PINK Forecast


Bullish Case: Historical returns favor positive outcomes, with significant upside above $30 as implied volatility remains low. Positive PINK news and flat recent performance provide further support.


Bearish Case: High implied volatility in lower strikes indicates market apprehension around dips under $30. Flat recent price action and neutral AI forecast strengthen bearish sentiment.


Potential Outcomes:

1. Continued flat price action (40%).

2. Moderate rally (35%).

3. Significant drop (25%). These estimates derive from recent volatility and the historical likelihood of returns.


Trading Oracle: Execute a bull call debit spread, targeting $30-$34 strikes expiring Sept 2024. This leverages low implied volatility for a moderate rally, providing a high reward-to-risk ratio with a positive edge. No bullshit. Just alpha.


July 21, 2024


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