PRN Forecast


Bullish Case: PRN's sustained positive historical return trend, insider buying [Yahoo], and recent innovative product developments [financialpost.com] suggest potential upward momentum. Short-term Helium volatility implies lower risk upside [Helium].


Bearish Case: PRN's stagnant recent performance [Helium], bearish short-term implied volatility [Helium], and insider selling signal caution [Yahoo]. External market risks and competition may hinder growth.


Potential Outcomes: PRN rises on positive innovation news (35%). PRN remains flat due to market conditions (50%). PRN declines due to insider selling and competition (15%).


Trading Oracle: Execute a bullish debit spread by buying the 137 Call and selling the 139 Call expiring on 09/20/2024. Favorable risk:reward due to bullish historical returns and potential rise from recent innovations with minimized trade costs.


June 30, 2024


Invesco DWA Industrials Momentum Forecast

PRN      Invesco DWA Industrials Momentum











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Uncorrelated Assets

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RIOT Forecast + Options Trading Strategies   RIOT  Riot Blockchain (0.0)


LZ Forecast + Options Trading Strategies   LZ  LegalZoom.com (-0.0)


NEP Forecast + Options Trading Strategies   NEP  NextEra Energy (0.01)


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Anticorrelated Assets

Assets that tend to move strongly against PRN



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TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.96)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.96)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.98)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.98)





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