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RELY Forecast



Price Forecast:


Bearish   <->   Bullish



Bullish Case: The slight upward trend in RELY's implied volatility indicates growing market confidence. Positive sentiment surrounding potential partnerships could drive price recovery beyond current levels.



Bearish Case: High volumes of put options signal a strong bearish outlook. Coupled with a significant drop in historical performance, market skepticism may push RELY prices lower in the near term.



Potential Outcomes:

1. Increased demand from strategic partnerships (30% chance).

2. Continued bearish sentiment leads to price drops (-15%, 40% chance).

3. Stability in price with low volatility continues (30% chance).



Trading Oracle: Consider a bullish stance using a debit spread strategy, buying $15 calls while selling $17.50 calls with mid-term expirations. This capitalizes on upward potential and low current implied volatility, offering controlled risk and high reward.


October 29, 2024


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RELY        Remitly

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Correlated Assets

Assets that tend to move strongly with RELY


FLYW Forecast + Options Trading Strategies   FLYW  Flywire (0.9)


ALTO Forecast + Options Trading Strategies   ALTO  Alto Ingredients (0.87)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.86)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.85)


GO Forecast + Options Trading Strategies   GO  Grocery Outlet (0.82)



Uncorrelated Assets

Assets with little price relationship to RELY


TIGR Forecast + Options Trading Strategies   TIGR  UP Fintech (-0.0)


BW Forecast + Options Trading Strategies   BW  Babcock & Wilcox Enterprises (0.0)


AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (-0.01)


SUM Forecast + Options Trading Strategies   SUM  Summit Materials (0.01)


MESO Forecast + Options Trading Strategies   MESO  Mesoblast (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RELY


VITL Forecast + Options Trading Strategies   VITL  Vital Farms (-0.86)


TER Forecast + Options Trading Strategies   TER  Teradyne (-0.86)


ADI Forecast + Options Trading Strategies   ADI  Analog Devices (-0.87)


ZIM Forecast + Options Trading Strategies   ZIM  Zim Integrated Shipping Services (-0.88)


GSL Forecast + Options Trading Strategies   GSL  Global Ship Lease (-0.91)







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