IOSP
Moving with the market
- IOSP −0.08% on the last session vs SPY +0.01%: −0.1 pts of stock-specific move.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices IOSP only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
98.30 +1.2% reached 3 in 10 days |
99.81 +2.8% reached 3 in 10 weeks |
| Now | 97.02 · prior close 97.10 | |
| Bargain buy side |
95.91 -1.2% reached 3 in 10 days |
94.46 -2.7% ↑ more often while near its 52-week high
reached 3 in 10 weeks · 29% vs usual 27% |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 95.53 | 2 in 10 days | 98.70 | 2 in 10 days |
| Balanced | 95.91 | 3 in 10 days | 98.30 | 3 in 10 days |
| Eager | 96.27 | 4 in 10 days | 97.94 | 5 in 10 days |
| Next 5 sessions | ||||
| Patient | 93.62 | 2 in 10 weeks↑ 20% vs 18% | 100.71 | 2 in 10 weeks |
| Balanced | 94.46 | 3 in 10 weeks↑ 29% vs 27% | 99.81 | 3 in 10 weeks |
| Eager | 95.25 | 4 in 10 weeks↑ 44% vs 43% | 98.98 | 5 in 10 weeks |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From IOSP's daily swings (about 1.3% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Bargain price, next 5 sessions: reached 29% of weeks instead of the usual 27% (held in 8 of 10 years)
Big drop and big gain: among IOSP's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time closing high Jul 23, 2024 |
126.25 +30.1% |
| Stretch, next 5 sessions | 99.81 +2.9% |
| 52-week closing high Sep 25, 2026 |
98.72 +1.8% |
| Previous close Oct 14, 2026 |
97.10 +0.1% |
| Now | 97.02 |
| 50-day average | 94.72 -2.4% |
| Bargain, next 5 sessions | 94.46 -2.6% |
| 200-day average | 82.82 -14.6% |
| 52-week closing low Mar 20, 2026 |
65.12 -32.9% |
Closing prices (all-time = the 28 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.