Bullish Case: Positive reinvestment strategies could boost stock sentiment, catalyzed by innovative product launches seen in recent collaborations. Implied volatility indicates potential for upward movement in the near future.

Bearish Case: Continued high valuations and potential backlash from recent political controversies could pressure prices downward, exacerbated by market uncertainty and low volume data suggesting limited investor confidence.

Potential Outcomes:

1. Improved earnings leading to a 10% rise (40% probability).

2. Price drop due to external backlash and legal issues (30% probability).

3. Stability around current levels if current conditions persist (30% probability).

Trading Oracle: Leverage short volatility by selling $90 puts and buying $85 puts, targeting a 14-day expiry. Positive edge with a potential return of 11% (56% annualized) aligns with recent data supporting stability. This balanced approach capitalizes on reduced volatility and provides downside protection while maintaining bullish exposure.

November 03, 2024