SGHT Forecast


Bullish Case: The upcoming SAHARA Phase 3 results could bolster the positive sentiment around SGHT, potentially leading to a price rally if trial outcomes exceed expectations. Recent positive publications support this optimism.


Bearish Case: Legal uncertainties and high volatility might pressure SGHT's price downward. If patent appeals do not favor Sight Sciences, it could exacerbate existing declines, especially with insider selling and negative market sentiment.


Potential Outcomes:

1) 45%: Positive SAHARA Phase 3 outcomes lead to a near-term price increase.

2) 35%: Legal setbacks result in significant price drops.

3) 20%: Price remains stagnant amidst mixed sentiment and ongoing volatility.


Trading Oracle: Consider a bullish debit spread, buying the SGHT $10 Call and selling the $12.50 Call, targeting a breakout on positive catalysts. Focus on Aug '24 expiry to capitalize on the upcoming results, balancing high volatility with manageable risk.


July 26, 2024


Sight Sciences Forecast

SGHT      Sight Sciences











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Uncorrelated Assets

Assets with little price relationship to SGHT



VFC Forecast + Options Trading Strategies   VFC  VF (-0.14)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.34)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.41)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.56)



Anticorrelated Assets

Assets that tend to move strongly against SGHT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.56)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.41)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.14)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.34)





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