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RY Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Strengthening economic indicators and strategic acquisitions may enhance RY's profitability. A reduction in market uncertainty could drive stock prices higher, supported by a stable dividend yield. Current low implied volatility suggests bullish sentiment could manifest in price upward momentum.



Bearish Case: Low trading volume and significant skepticism due to ongoing regulatory scrutiny may lead to price pressures. Additionally, potential backlash from fossil fuel financing could dampen market confidence, pushing the stock lower amid rising volatility.



Potential Outcomes:

1. Sustained growth in earnings (40% chance) due to acquisitions and dividends.

2. Regulatory challenges causing price declines (30% chance).

3. Increased market volatility affecting investor sentiment (30% chance).



Trading Oracle: Adopt a long volatility strategy by buying RY 125 C and selling 130 C, expiring in January 2025. This trade capitalizes on the bullish sentiment with a 40% profit probability, exploiting low implied volatility for high returns. Target volatility spikes post-financial disclosures.


October 27, 2024


Royal Bank Of Canada Forecast

RY        Royal Bank Of Canada

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Uncorrelated Assets

Assets with little price relationship to RY


SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (0.0)


SKYT Forecast + Options Trading Strategies   SKYT  SkyWater Technology (-0.0)


TTE Forecast + Options Trading Strategies   TTE  TotalEnergies SE (-0.0)


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Anticorrelated Assets

Assets that tend to move strongly against RY


MBI Forecast + Options Trading Strategies   MBI  MBIA (-0.87)


SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.88)


ETSY Forecast + Options Trading Strategies   ETSY  Etsy (-0.88)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.89)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)







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