PRGO Forecast + Trading Strategies


Bullish Case: Positive insider trading and institutional support suggest potential for stability and modest growth. Lower volatility post-August, anticipated cost savings from restructuring efforts, and potential market profitability.


Bearish Case: Persistent historical downtrend, high debt levels, and underperformance relative to competitors signal continued decline. Elevated implied volatility and neutral Helium forecast increase market risk.


Potential Outcomes:

1. Sustained decline: 75% due to historical trends, high debt.

2. Moderate rise: 20% if insider confidence translates to positive performance.

3. Significant rise: 5% on unexpected positive catalysts.


Trading Oracle: Engage in bearish short volatility strategies. Sell Aug 16 $25 puts, buy $22.5 puts—exploit post-August volatility decline and capitalize on high historical return. Positive edge, high reward:risk, 75% profit odds within ~32 days.


July 17, 2024










Correlated Assets

Assets that tend to move strongly with PRGO



VFC Forecast + Options Trading Strategies   VFC  VF (0.56)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.49)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.13)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.29)



Uncorrelated Assets

Assets with little price relationship to PRGO



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.13)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.29)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.49)


VFC Forecast + Options Trading Strategies   VFC  VF (0.56)



Anticorrelated Assets

Assets that tend to move strongly against PRGO



VFC Forecast + Options Trading Strategies   VFC  VF (0.56)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.49)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.13)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.29)





Become a more profitable investor with AI optimized trading strategies






×

Chat with PRGO


 Ask any question about PRGO!