TGNA Forecast + Trading Strategies


Bullish Case: TGNA's strong financial stability, local ad growth, and high institutional ownership indicate an ability to rebound.


Bearish Case: Ongoing revenue declines, lower subscription profits, and unfavorable Helium price forecast pose continued downside risk.


Potential Outcomes: A 45% chance of continued price stabilization, 35% for further decline due to market trends, and 20% for a minor recovery on positive news.


Trading Oracle: Execute a bearish debit spread due to forecasted higher implied volatility and negative Helium price outlook. Trade options around $13.00-$14.00 strike prices with an expiration in 1 month to exploit potential downside. Ensure a high reward-to-risk ratio by hedging strategies.


July 01, 2024


TEGNA Forecast

TGNA      TEGNA











Correlated Assets

Assets that tend to move strongly with TGNA



VFC Forecast + Options Trading Strategies   VFC  VF (0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.52)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.37)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.44)



Uncorrelated Assets

Assets with little price relationship to TGNA



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.37)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.44)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.52)


VFC Forecast + Options Trading Strategies   VFC  VF (0.66)



Anticorrelated Assets

Assets that tend to move strongly against TGNA



VFC Forecast + Options Trading Strategies   VFC  VF (0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.52)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.37)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.44)





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