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WK Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: A bullish scenario is supported by strong projected growth and significant demand for WK's services, potentially driving stock prices above resistance at $85, indicated by the favorable historical return trends.



Bearish Case: Conversely, macroeconomic headwinds and high implied volatility could trigger a downward correction in WK prices, with significant resistance around $80 potentially leading to bearish sentiment.



Potential Outcomes:

1. 40% chance of strong post-earnings recovery.

2. 30% chance of continued volatility leading to a price drop below $75.

3. 20% chance of stabilization near current levels due to market sentiment.

4. 10% chance of extreme volatility due to external shocks.



Trading Oracle: Consider a calendar spread trading strategy for WK, focusing on current high implied volatility. Buy November $80 calls while selling December $85 calls to capitalize on expected volatility decay while positioning for moderate bullish movement over the next months.


October 29, 2024


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