WING Forecast + Trading Strategies


Bullish Case: Positive expansion news and 0.91% AI price forecast may drive the stock higher, validated by past bullish sentiment.


Bearish Case: Elevated IV and insider trades risk increased volatility and potential short-term downside.


Potential Outcomes: Likely outcomes include a cautious bullish sentiment persisting (45%), potential price correction (35%), or limited movement due to market uncertainty (20%).


Trading Oracle: Opt for bullish short credit put spreads at low IV strikes around $370-$390 expiring in 30 days to capture the current upward momentum. High reward-to-risk and AI positive edge favor this. Set tight stops due to higher term vol.


July 14, 2024


Wingstop Forecast

WING      Wingstop











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NRG Forecast + Options Trading Strategies   NRG  NRG Energy (0.97)


SPOT Forecast + Options Trading Strategies   SPOT  Spotify Technology (0.97)


GDDY Forecast + Options Trading Strategies   GDDY  Godaddy (0.96)



Uncorrelated Assets

Assets with little price relationship to WING



FXE Forecast + Options Trading Strategies   FXE  Invesco CurrencyShares Euro (0.0)


SMPL Forecast + Options Trading Strategies   SMPL  Simply Good Foods (0.0)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (0.0)


ONEW Forecast + Options Trading Strategies   ONEW  Onewater Marine (0.0)


NVAX Forecast + Options Trading Strategies   NVAX  Novavax (0.0)



Anticorrelated Assets

Assets that tend to move strongly against WING



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.95)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.95)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.95)


WTI Forecast + Options Trading Strategies   WTI  W & T Offshore (-0.95)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.96)





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