TSQ Forecast


Bullish Case: Townsquare Media's unique position in local markets and a potential regulatory win for Spadea could enhance investor confidence, driving TSQ price higher as implied volatility stabilizes.


Bearish Case: Continued market fluctuations and potential legal challenges regarding Spadea's airtime could create uncertainty, leading to reduced investor appetite and a downward price trend for TSQ.


Potential Outcomes:

1. Spadea's candidacy succeeds (30%);

2. Legal challenges increase volatility (40%);

3. Market remains flat with low growth (20%);

4. Positive earnings boosts confidence (10%).


Trading Oracle: Implement a debit spread with TSQ 12.50C and 15.00C, targeting expiration before the August earnings report. High volatility suggests a bullish outlook, maximizing returns while limiting risk.


July 25, 2024


Townsquare Media Forecast

TSQ      Townsquare Media











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