SYNA Forecast + Trading Strategies


Bullish Case: SYNA's presence in rapidly expanding markets like IoT, backed by strategic deals and historical long-term growth, suggests potential upward price movement.


Bearish Case: Continued underperformance over multiple periods, significant recent price decline, and high put options volume indicate potential further downward pressure on SYNA's stock price.


Potential Outcomes: 70% chance of flat or downward trend due to market volatility and historical price declines; 20% chance of moderate gains fueled by ongoing strategic partnerships; 10% chance of significant gains if unexpected positive developments occur.


Trading Oracle: Initiate SYNA bearish short volatility with a 49-day horizon, selling $95 call and buying $105 call. Optimized for a high probability of profit, positive edge, and attractive reward:risk ratio. Leverage Helium's premium printer model with 67% odds of profit and an expected edge of $9.


June 30, 2024


Synaptics Forecast

SYNA      Synaptics











Correlated Assets

Assets that tend to move strongly with SYNA



VFC Forecast + Options Trading Strategies   VFC  VF (0.14)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.06)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.02)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.54)



Uncorrelated Assets

Assets with little price relationship to SYNA



LI Forecast + Options Trading Strategies   LI  Li Auto (0.02)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.06)


VFC Forecast + Options Trading Strategies   VFC  VF (0.14)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.54)



Anticorrelated Assets

Assets that tend to move strongly against SYNA



VFC Forecast + Options Trading Strategies   VFC  VF (0.14)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.06)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.02)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.54)





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