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WRAP Forecast


Bearish   <—>   Bullish



80% Confidence



Bullish Case: Increased adoption of wrapped tokens in DeFi markets supports a bullish sentiment for WRAP. Rising institutional interest and new partnerships could spur significant price recovery.



Bearish Case: Regulatory hurdles and market volatility present serious challenges for WRAP. High implied volatility in options suggests market skepticism about near-term performance, contributing to potential price declines.



Potential Outcomes:
  • 1. Increased adoption in DeFi drives WRAP price up (60% chance).
  • 2. Regulatory challenges stagnate growth (30% chance).
  • 3. Broader crypto market recovery provides upward momentum (10% chance).



Trading Oracle: Given the high implied volatility in WRAP options, a bullish strategy such as a debit spread using January 2025 call options at $2 and $3 seems appropriate. This maximizes upside while managing risk in a potentially volatile environment.


December 19, 2024


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Correlated Assets

Assets that tend to move strongly with WRAP


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.76)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.76)


IRTC Forecast + Options Trading Strategies   IRTC  iRhythm (0.76)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.74)


CRNC Forecast + Options Trading Strategies   CRNC  Cerence (0.74)



Uncorrelated Assets

Assets with little price relationship to WRAP


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (-0.0)


GTLS Forecast + Options Trading Strategies   GTLS  Chart Industries (-0.0)


TWO Forecast + Options Trading Strategies   TWO  Two Harbors Investment (0.01)


UAN Forecast + Options Trading Strategies   UAN  CVR Partners (-0.01)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against WRAP


CWEN Forecast + Options Trading Strategies   CWEN  Clearway Energy (-0.72)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (-0.73)


PNW Forecast + Options Trading Strategies   PNW  Pinnacle West (-0.73)


EIX Forecast + Options Trading Strategies   EIX  Edison International (-0.74)


FE Forecast + Options Trading Strategies   FE  Firstenergy (-0.76)







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