SNA Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: SNA benefits from strong long-term growth and increased call volume. A 49% higher bullish risk supports potential short-term upside, possibly driven by favorable earnings or market conditions.




Bearish Case: Low implied volatility, flat recent price action, and concerns over market uncertainty suggest limited upside. Higher market volatility may attract profit-taking and could lead to short-term price stagnation or decline.




Potential Outcomes: 60% chance of a slight uptrend with positive earnings; 30% chance of stagnation amid flat IV and low volume; 10% chance of a decline due to market reevaluation.




Trading Oracle: Trade bullish debit spreads with SNA 06/20/2025 $350 calls, sell $360 calls to capture upside. This strategy leverages implied volatility disparity and potential short-term price recovery. Positive edge with a high reward:risk ratio.



January 17, 2025


Snap-on Forecast

SNA        Snap-on











Correlated Assets

Assets that tend to move strongly with SNA



PAYC Forecast + Options Trading Strategies   PAYC  Paycom Software (0.74)


DE Forecast + Options Trading Strategies   DE  Deere (0.74)


TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.74)


ILMN Forecast + Options Trading Strategies   ILMN  Illumina (0.74)


LYV Forecast + Options Trading Strategies   LYV  Live Nation Entertainment (0.72)



Uncorrelated Assets

Assets with little price relationship to SNA



SU Forecast + Options Trading Strategies   SU  Suncor Energy (0.0)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (-0.01)


NBR Forecast + Options Trading Strategies   NBR  Nabors Industries (0.01)


WW Forecast + Options Trading Strategies   WW  WW International (0.01)


DELL Forecast + Options Trading Strategies   DELL  Dell (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against SNA



ASML Forecast + Options Trading Strategies   ASML  New York Shares (-0.61)


TMDX Forecast + Options Trading Strategies   TMDX  Transmedics (-0.62)


WFRD Forecast + Options Trading Strategies   WFRD  Weatherford International plc - New (-0.64)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.65)


OGN Forecast + Options Trading Strategies   OGN  Organon (-0.67)









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