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SON Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Improving economic conditions and strong institutional investment could catalyze SON's rebound, especially with demand for sustainable packaging rising, reinforcing optimistic investor sentiment.



Bearish Case: Persistent legal challenges and market volatility may further suppress SON prices, especially given high implied volatility indicating investor anxiety over short-term performance and potential sell-offs.



Potential Outcomes:

1. (40%) Successful integration of Eviosys boosts profitability.

2. (30%) Continued market volatility leads to declines.

3. (20%) Regulatory changes favor sustainable packaging.

4. (10%) Increased legal challenges negatively impact investor sentiment.



Trading Oracle: Considering high implied volatility trends, implementing a bullish call spread strategy (buying SON 55.00 C while selling 60.00 C) optimizes for potential upside while managing risk. Target a 90-day horizon to capitalize on expected upward momentum.


October 29, 2024


Sonoco Products Forecast

SON        Sonoco Products

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Correlated Assets

Assets that tend to move strongly with SON


ARCT Forecast + Options Trading Strategies   ARCT  Arcturus Therapeutics (0.79)


BBWI Forecast + Options Trading Strategies   BBWI  Bath & Body Works (0.78)


QSI Forecast + Options Trading Strategies   QSI  Quantum-Si Incorporated - (0.74)


APTV Forecast + Options Trading Strategies   APTV  Aptiv (0.74)


TX Forecast + Options Trading Strategies   TX  Ternium S.A. - (0.74)



Uncorrelated Assets

Assets with little price relationship to SON


TMO Forecast + Options Trading Strategies   TMO  Thermo Fisher Scientific (0.0)


AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (0.0)


QCOM Forecast + Options Trading Strategies   QCOM  Qualcomm (0.0)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.0)


AFRM Forecast + Options Trading Strategies   AFRM  Affirm (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SON


HUT Forecast + Options Trading Strategies   HUT  Hut 8 Mining (-0.68)


EVGO Forecast + Options Trading Strategies   EVGO  EVgo (-0.69)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (-0.73)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.77)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.78)







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