SNV Forecast + Trading Strategies


Bullish Case: SNV exhibits strong institutional support and robust historical returns, supported by the low volatility term structure favoring upside potential. Increased puts suggest potential for a contrarian rally.


Bearish Case: Heavy put volume indicates bearish sentiment; insider sales and earnings risks support potential downside. Volatility and negative AI forecast align with a possible decline.


Potential Outcomes:

1. Modest gain to $45-50: 40%.

2. Sideways movement: 50%.

3. Decline below $40: 10%. Forecasts reflect historical consistency, recent price action, and analyst ratings.


Trading Oracle: Deploy a bullish credit spread: Sell July 19, 2024, $42 puts and buy July 19, 2024, $40 puts to capture premium from recent upward movement. High probability and positive edge due to lower volatility. Timeframe: 1 month.


July 16, 2024


Synovus Financial Forecast

SNV      Synovus Financial











Correlated Assets

Assets that tend to move strongly with SNV



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.81)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.3)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.57)



Uncorrelated Assets

Assets with little price relationship to SNV



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.3)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.57)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.81)



Anticorrelated Assets

Assets that tend to move strongly against SNV



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.81)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.3)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.47)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.57)





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