WOR Forecast


Bullish Case: WOR is positioned for a recovery due to potential long-term structural growth from recent acquisitions, improving market demand, and a stabilizing implied volatility. The historical returns suggest favorable outcomes for long-holding periods, particularly beyond two years.


Bearish Case: Increased uncertainty from market volatility and the stock's recent downtrend may pressure WOR's price. Implied volatility remains high for short-term options, indicating expectations of continued price fluctuations and potential downside risk amidst market apprehension.


Potential Outcomes:

1. Earnings beat leading to a 30% rally (40%).

2. Stagnation with minimal price movement (35%).

3. Earnings miss causing a significant drop (25%).

4. Volatility spikes post-results impacting options premiums (15%).


Trading Oracle: Implement a bullish debit spread with August 2024 $50/$55 call options, anticipating a rebound as implied volatility stabilizes and historical trends indicate a strong likelihood of positive returns. Maximize risk/reward with defined exits for potential gains.


July 25, 2024


Worthington Industries Forecast

WOR      Worthington Industries











Correlated Assets

Assets that tend to move strongly with WOR



DEO Forecast + Options Trading Strategies   DEO  Diageo (0.84)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (0.81)


FLYW Forecast + Options Trading Strategies   FLYW  Flywire (0.81)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (0.79)


PII Forecast + Options Trading Strategies   PII  Polaris (0.78)



Uncorrelated Assets

Assets with little price relationship to WOR



AAOI Forecast + Options Trading Strategies   AAOI  Applied Optoelectronics (0.0)


PATH Forecast + Options Trading Strategies   PATH  UiPath (0.0)


APLD Forecast + Options Trading Strategies   APLD  Applied Blockchain (0.01)


BZH Forecast + Options Trading Strategies   BZH  Beazer Homes USA (-0.01)


MGM Forecast + Options Trading Strategies   MGM  MGM Resorts International (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against WOR



PBI Forecast + Options Trading Strategies   PBI  Pitney Bowes (-0.75)


PANW Forecast + Options Trading Strategies   PANW  Palo Alto Networks (-0.75)


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (-0.76)


KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (-0.76)


PDD Forecast + Options Trading Strategies   PDD  Pinduoduo (-0.8)





Become a more profitable investor with AI optimized trading strategies






×

Chat with WOR


 Ask any question about WOR!