RHI Forecast + Trading Strategies


Bullish Case: RHI has shown reliable long-term growth and recent price improvement suggests a potential upside. Favorable company fundamentals and positive sentiment could drive higher prices.


Bearish Case: Recent downtrend, high put option volume, and market uncertainty indicate possible further declines. Mean reversion and higher implied volatility suggest increased risk.


Potential Outcomes: 45% RHI recovers driven by growth; 35% continued decline due to mean reversion; 20% volatile swings owing to market uncertainties. Factors considered: historical trends, option volumes, volatility surfaces.


Trading Oracle: Bearish: Implement a credit spread trade by selling 1 $65 put and buying 1 $60 put with 64-days expiry. High probability with a solid risk/reward profile. Market conditions suggest profitability in mean reversion and heightened volatility.


July 20, 2024


Robert Half International Forecast

RHI      Robert Half International











Correlated Assets

Assets that tend to move strongly with RHI



LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (0.93)


GL Forecast + Options Trading Strategies   GL  Globe Life (0.91)


AKAM Forecast + Options Trading Strategies   AKAM  Akamai (0.91)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (0.89)


BRZE Forecast + Options Trading Strategies   BRZE  Braze (0.88)



Uncorrelated Assets

Assets with little price relationship to RHI



VOYA Forecast + Options Trading Strategies   VOYA  Voya Financial (-0.0)


AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (-0.0)


NCNO Forecast + Options Trading Strategies   NCNO  Ncino (-0.0)


FROG Forecast + Options Trading Strategies   FROG  JFrog (0.0)


RRR Forecast + Options Trading Strategies   RRR  Red Rock Resorts (0.0)



Anticorrelated Assets

Assets that tend to move strongly against RHI



BOOT Forecast + Options Trading Strategies   BOOT  Boot Barn (-0.74)


GLNG Forecast + Options Trading Strategies   GLNG  Golar Lng (-0.78)


SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.82)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.83)


AR Forecast + Options Trading Strategies   AR  Antero Resources (-0.84)





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