WKHS Forecast


Bullish Case: WKHS may rebound due to heightened EV demand, driven by recent product launches and CARB mandates. Increased market interest and liquidity could stabilize pricing in the next quarter.


Bearish Case: WKHS's financial instability and historical performance suggest a potential decline. Weak EV sales signals and ongoing cash burn issues may further depress stock value.


Potential Outcomes:

1) Successful vehicle deliveries boost stock (30% chance).

2) Ongoing cash issues lead to steep declines (50% chance).

3) Market EV growth stagnates impacting WKHS negatively (20% chance).


Trading Oracle: Adopt a bullish long volatility strategy using a debit spread. Buy $2.00 call options while selling $2.50 calls, targeting the high volatility outlook. This approach capitalizes on potential upside as volatility increases, particularly through August.


July 24, 2024


Workhorse Forecast

WKHS      Workhorse











Correlated Assets

Assets that tend to move strongly with WKHS



VFC Forecast + Options Trading Strategies   VFC  VF (0.55)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.36)


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


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.5)



Uncorrelated Assets

Assets with little price relationship to WKHS



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


LI Forecast + Options Trading Strategies   LI  Li Auto (0.36)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.5)


VFC Forecast + Options Trading Strategies   VFC  VF (0.55)



Anticorrelated Assets

Assets that tend to move strongly against WKHS



VFC Forecast + Options Trading Strategies   VFC  VF (0.55)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.36)


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


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.5)





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