PRMW Forecast


Bullish Case: The merger with BlueTriton could unlock significant synergies and growth potential. Recent call volume outperforming puts (+28%) and modest positive IV structure support a bullish sentiment.


Bearish Case: High volatility and market concerns suggest potential instability. Historical price return data indicates limited upside potential, reinforcing bearish sentiment.


Potential Outcomes: 65% gradual upside to $24 considering post-merger integration; 25% flat near $20 on muted response; 10% drop below $18 if operational issues emerge.


Trading Oracle: Initiate a long call debit spread: Buy Oct 18, 2024 $20 Call, sell Oct 18, 2024 $25 Call. Capitalize on post-merger optimism with controlled risk. Low IV and supportive sentiment align for a high reward:risk setup.


July 18, 2024


Primo Water Forecast

PRMW      Primo Water











Correlated Assets

Assets that tend to move strongly with PRMW



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.88)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.55)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.63)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.64)



Uncorrelated Assets

Assets with little price relationship to PRMW



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.55)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.63)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.64)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.88)



Anticorrelated Assets

Assets that tend to move strongly against PRMW



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.88)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.55)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.63)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.64)





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