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RGLD Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: RGLD's continued revenue growth from successful mine acquisitions, coupled with stable gold prices and positive analyst sentiment, could drive significant upside, supported by low implied volatility levels suggesting undervaluation.



Bearish Case: Persistent negative analyst sentiment and potential production issues at core assets could lead to downward pressure on RGLD's stock price, especially given high current trading volume in puts indicative of bearish sentiment.



Potential Outcomes:
  1. Continued revenue increase from Brazilian mines (60% chance)
  2. Analyst downgrades negatively impact pricing (30% chance)
  3. Gold price stability leads to modest gains (10% chance)



Trading Oracle: Initiate a bullish strategy by buying RGLD $150C and selling $155C for a November expiration. Expect low volatility to strengthen prices. With a market odds of profit at 35% and an expected edge of $10, this offers high reward: risk ratios with a good potential return around 324%.


November 24, 2024


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RGLD        Royal Gold

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Assets with little price relationship to RGLD


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INTU Forecast + Options Trading Strategies   INTU  Intuit (-0.02)


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Assets that tend to move strongly against RGLD


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SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.89)


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