SHG Forecast


Bullish Case: SHG is trading at $34.27, up 30.1% from last year, with strong fundamentals and top value stock recognition. Implied volatility suggests potential upside.


Bearish Case: SHG is down 25.3% from a decade ago, with flat short-term price action and negative AI correlation, suggesting limited upside potential.


Potential Outcomes:

1. SHG hovers around current price levels (50%).

2. Moderate increase by 5-10% (30%).

3. Sharp drop by 10-15% due to profit taking (20%).


Trading Oracle: Execute bullish debit call spreads around the $35-$40 strike for July/August expirations. Take advantage of slightly higher AI implied volatility. Focus on strikes with optimal implied volatility spread, aiming for moderate price increase within the next 1-2 months.


June 27, 2024


Shinhan Financial Group Co. Ltd. Forecast

SHG      Shinhan Financial Group Co. Ltd.











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