RNG Forecast


Bullish Case: With strong demand via RingSense AI and expected earnings stability, bullish sentiment may drive RNG into a recovery phase, particularly with options exhibiting higher volatility indicating investor confidence.


Bearish Case: Continued negative market perception fueled by insider selling and uncertainty may lead to further declines. Current high implied volatility suggests traders expect significant price swings, reinforcing bearish sentiment.


Potential Outcomes:

1. 50% chance of sustained recovery due to strong Q2 earnings.

2. 30% probability of market correction due to high volatility and selling pressure.

3. 20% chance of stagnation amidst mixed signals from the volatility surfaces and term structure.


Trading Oracle: Implement a bullish debit spread on RNG, targeting short-term calls at $35 for August expiry due to high implied volatility (100.6%). This exploits upward potential while hedging against downside risks, maximizing reward-to-risk ratio in a volatile environment.


July 25, 2024


RingCentral Forecast

RNG      RingCentral











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KEYS Forecast + Options Trading Strategies   KEYS  Keysight (0.73)


ARE Forecast + Options Trading Strategies   ARE  Alexandria Real Estate (0.73)



Uncorrelated Assets

Assets with little price relationship to RNG



DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (0.0)


GRAB Forecast + Options Trading Strategies   GRAB  Grab Holdings Limited (-0.0)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.0)


MNKD Forecast + Options Trading Strategies   MNKD  Mannkind (-0.0)


EWH Forecast + Options Trading Strategies   EWH  BlackRock Institutional Trust Company N.A. - iShares MSCI Hong Kong (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against RNG



DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.55)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.56)


REK Forecast + Options Trading Strategies   REK  ProShares Short Real Estate (-0.58)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.59)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.61)





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