SAND Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: SAND's low implied volatility compared to SPY indicates undervaluation. High call trading volume and a rebound in gold prices may spur growth despite market stagnation.




Bearish Case: Persistently high implied volatility indicates ongoing risks. Flat price action and potential macroeconomic pressures could sustain bearish trends, disregarding previous optimism.




Potential Outcomes: 40% chance of moderate growth fueled by increased call volumes, 35% likelihood of stagnation, and 25% risk of decline due to macroeconomic challenges.




Trading Oracle: Execute a bullish debit spread buying $6.00 calls and selling $7.00 calls expiring June 2025. Leverage recent low implied volatility and increased call volumes. Captures upside while minimizing risk, targeting 90 to 180 days for optimal reward-to-risk balance.



December 28, 2024


Sandstorm Gold Forecast

SAND        Sandstorm Gold











Correlated Assets

Assets that tend to move strongly with SAND



WPM Forecast + Options Trading Strategies   WPM  Wheaton Precious Metals (0.89)


PI Forecast + Options Trading Strategies   PI  Impinj (0.89)


RGLD Forecast + Options Trading Strategies   RGLD  Royal Gold (0.86)


KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (0.85)


GLD Forecast + Options Trading Strategies   GLD  SPDR Gold Shares (0.84)



Uncorrelated Assets

Assets with little price relationship to SAND



TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (0.0)


TWO Forecast + Options Trading Strategies   TWO  Two Harbors Investment (-0.0)


IAC Forecast + Options Trading Strategies   IAC  IAC InterActiveCorp. (-0.01)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.01)


IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against SAND



FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (-0.69)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.71)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.74)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (-0.75)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.78)









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