RNG Forecast



Price Forecast:


Bearish<—>Bullish




Bullish Case: RNG's recovery momentum is supported by increasing call volume and institutional interest, particularly with favorable volatility trends indicating potential upward price movement in the coming months.




Bearish Case: Continued high implied volatility combined with negative investor sentiment suggests potential for further price depreciation in RNG, especially if market conditions remain adverse.




Potential Outcomes:

1. 60% - Continued growth due to innovation in AI products.

2. 25% - Investor sentiment declines, leading to lower stock performance.

3. 15% - Stable price as earnings growth offsets negative pressures.




Trading Oracle: Consider a long debit spread strategy, buying the RNG 04/17/2025 $40 calls and selling the $45 calls. This leverages current high implied volatility and expected price recovery, maximizing potential upside with limited risk exposure.



November 30, 2024


RingCentral Forecast

RNG        RingCentral











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ZM Forecast + Options Trading Strategies   ZM  Zoom Video Communications (0.55)


CG Forecast + Options Trading Strategies   CG  Carlyle (0.53)



Uncorrelated Assets

Assets with little price relationship to RNG



IBB Forecast + Options Trading Strategies   IBB  BlackRock Institutional Trust Company N.A. - iShares Biotechnology (0.0)


MOS Forecast + Options Trading Strategies   MOS  Mosaic (0.0)


AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (-0.01)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (-0.01)


FIVE Forecast + Options Trading Strategies   FIVE  Five Below (0.01)



Anticorrelated Assets

Assets that tend to move strongly against RNG



NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (-0.38)


ADM Forecast + Options Trading Strategies   ADM  Archer Daniels Midland (-0.39)


TWO Forecast + Options Trading Strategies   TWO  Two Harbors Investment (-0.42)


MPWR Forecast + Options Trading Strategies   MPWR  Monolithic Power System (-0.42)


QRVO Forecast + Options Trading Strategies   QRVO  Qorvo (-0.48)









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