Bullish Case: Increased demand for digital infrastructure and favorable regulatory conditions could drive UNIT's growth, supported by historical recovery patterns and rising investor interest, particularly in green tech. This sets a bullish outlook.

Bearish Case: Persistent high volatility and a deteriorating economic environment increase risks for UNIT, potentially leading to client losses and lower revenues, particularly amidst regulatory challenges and market competition.

Potential Outcomes:

• 1. 40% - Stable macro conditions with gradual growth.
• 2. 30% - Regulatory changes shift market dynamics negatively.
• 3. 20% - Unexpected macro shocks lead to volatility spikes.
• 4. 10% - Strategic partnerships significantly boost growth.

Trading Oracle: Establish a bullish vertical debit spread: buy $5.0 call options and sell $6.0 calls, targeting recovery over the next 3-6 months. This plays on the current positive sentiment and volatility dynamics while mitigating risk via hedging. Focus on longer expirations for greater time value capture.

December 17, 2024