WIT Forecast


Bullish Case: Wipro's AI/cloud investments could drive substantial revenue growth as indicated by Nomura's upbeat outlook. Positive historical return patterns (50%-80% chance) for 1-2 year holding periods also support upward momentum.


Bearish Case: Execution risks and global economic uncertainties threaten Wipro's performance. Historical trends reveal many holding periods with negative returns (-20% to -30%), reflecting potential downside.


Potential Outcomes:

1. Strong AI/cloud growth boosts stock (+50% chance),

2. Execution and global risks hinder growth (-30% chance),

3. Mixed macro factors create flat or volatile performance (-20% chance).


Trading Oracle: Deploy a bull put spread by selling WIT Dec 2024 5.0 puts and buying WIT Dec 2024 2.5 puts. This leverages mean-reverting, high IV in lower strikes with defined risk and high reward:risk ratio, ideal for a 6-month outlook.


July 21, 2024


Wipro Forecast

WIT      Wipro











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VFC Forecast + Options Trading Strategies   VFC  VF (-0.42)


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ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.69)



Anticorrelated Assets

Assets that tend to move strongly against WIT



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.69)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.2)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.42)


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





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