SPT Forecast + Trading Strategies


Bullish Case: With upcoming earnings prospects and institutional interest, SPT may rebound as historical volatility indicates potential upside. Recent positive sentiment in market trends supports this view, reinforcing the case for growth.


Bearish Case: Recent class action suits and declining revenue guidance could pressure SPT shares. High implied volatility indicates market caution, suggesting potential downside risks as investor sentiment cools amidst legal concerns.


Potential Outcomes:

1. 45%: Positive earnings surprise leads to a price increase above $40.

2. 30%: Class action impacts investor confidence, stock drops below $33.

3. 25%: Market stabilizes with minimal change, hovering around current levels.


Trading Oracle: Implement a bullish debit spread: Buy $35C, sell $40C with an expiration in October. This strategy benefits from anticipated volatility spikes post-earnings. Given recent price resilience, target mid-term gains reflecting optimistic earnings scenarios.


July 25, 2024


Sprout Social Forecast

SPT      Sprout Social











Correlated Assets

Assets that tend to move strongly with SPT



VFC Forecast + Options Trading Strategies   VFC  VF (0.36)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.33)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.22)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.49)



Uncorrelated Assets

Assets with little price relationship to SPT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.22)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.33)


VFC Forecast + Options Trading Strategies   VFC  VF (0.36)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.49)



Anticorrelated Assets

Assets that tend to move strongly against SPT



VFC Forecast + Options Trading Strategies   VFC  VF (0.36)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.33)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.22)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.49)





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