Koninklijke Philips N.V. (PHG) just triggered a rare compression signal—something that has only happened eight times in the past 41 years. With CPI data out, the FOMC meeting next week, and earnings approaching, market conditions are setting up for a potential breakout. Yet, despite these looming catalysts, PHG’s options remain surprisingly underpriced. History suggests that when this setup appears, big moves tend to follow.