Bullish Case: TW's consistent trading volume growth and strategic advancements indicate potential for robust revenue growth, supporting positive price momentum. Strong historical returns over multiple years further bolster optimism.

Bearish Case: High implied volatility coupled with insider selling and overvaluation concerns present risks of a correction. Recent price stagnation and the difference between Helium and market volatility amplify these concerns.

Potential Outcomes:

• Growth in trading volume boosts revenue with 40% probability.
• Market correction due to valuation at 30% probability.
• Sideways movement due to mixed signals, 30% probability.

Trading Oracle: Consider a cautiously bullish outlook with a call debit spread. Buy April $130 calls, sell $135 calls, leveraging moderate volatility expectations and price forecasts. This balances risk, given positive historical trends and market sentiment. Engage within a 60-day timeframe for maximum strategy effectiveness.

January 31, 2025