WTS Forecast


Bullish Case: Helium's model shows a slight bullish inclination with bullish risk 2% higher than bearish risks, supported by strong earnings and institutional confidence.


Bearish Case: Implied volatility disparities and recent insider selling suggest potential downside. Historical patterns and high short-term volatility could lead to declines.


Potential Outcomes: Modest price increase: 50%, Mean reversion: 35%, Price dip: 15%. Historical data and implied volatility justify this distribution.


Trading Oracle: Execute debit spreads targeting strikes at $200 and $220, expiring in 4-6 months. This long-volatility strategy leverages market and Helium's implied volatility, anticipating mean reversion. Maintain a 2:1 reward-to-risk ratio.


June 27, 2024


Watts Water Technologies, Inc. Forecast

WTS      Watts Water Technologies, Inc.











Correlated Assets

Assets that tend to move strongly with WTS



KEY Forecast + Options Trading Strategies   KEY  Keycorp (0.91)


IAT Forecast + Options Trading Strategies   IAT  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (0.9)


CE Forecast + Options Trading Strategies   CE  Series (0.9)


NAIL Forecast + Options Trading Strategies   NAIL  Direxion Daily Homebuilders & Supplies Bull 3X Shares (0.89)


DHI Forecast + Options Trading Strategies   DHI  D.R. Horton (0.89)



Uncorrelated Assets

Assets with little price relationship to WTS



WPC Forecast + Options Trading Strategies   WPC  W. P. Carey (0.0)


EXAI Forecast + Options Trading Strategies   EXAI  Exscientia (-0.0)


CVI Forecast + Options Trading Strategies   CVI  CVR Energy (-0.0)


LBTYA Forecast + Options Trading Strategies   LBTYA  Liberty Global plc (0.0)


OPRA Forecast + Options Trading Strategies   OPRA  Opera (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against WTS



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.79)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.8)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.8)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.8)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.81)





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