LendingClub Stock Posing Attractive Entry Point for Bulls

Core Viewpoint - LendingClub Corp (NYSE:LC) is experiencing a significant decline in stock price, down 5.8% to $15.17, marking its sixth consecutive daily loss, despite being up approximately 32.6% year-over-year [1] Group 1: Stock Performance - The stock is currently within 0.75 of the 50-day moving average's 20-day average true range (ATR), having spent at least 80% of the last 10 days and two months above this level [2] - Historically, similar conditions have led to a 57% chance of the stock being higher one month later, with an average gain of 23.9% [2] - A potential price target of $18.79 is noted, which is a level that has previously rejected the shares [4] Group 2: Options and Volatility - The stock is currently seeing attractively priced options, with a Schaeffer's Volatility Index (SVI) of 44%, ranking in the low 9th percentile of its annual range, indicating low volatility expectations [5] - There is a potential for an unwinding of short interest, as 5% of the available float is sold short, equating to over three days of buying power based on the stock's average trading pace [5]