NAT Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Increased tanker demand, coupled with NAT's strategic market positioning and robust call option activity, suggests potential upside. Backwardation in volatility could reflect near-term market optimism.




Bearish Case: Sustained operational challenges and high recent volatility levels indicate potential downside risks, especially if dividends become unsustainable or demand weakens.




Potential Outcomes:
  1. 60% chance of modest recovery aligning with tanker demand growth.
  2. 30% possibility of continued challenges impacting performance.
  3. 10% probability of unexpected strategic developments boosting prices.



April 16, 2025


Nordic American Tankers Forecast

NAT        Nordic American Tankers











Correlated Assets

Assets that tend to move strongly with NAT



ADNT Forecast + Options Trading Strategies   ADNT  Adient (0.94)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.93)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (0.93)


ASH Forecast + Options Trading Strategies   ASH  Ashland (0.93)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.92)



Uncorrelated Assets

Assets with little price relationship to NAT



TAL Forecast + Options Trading Strategies   TAL  TAL Education (-0.0)


TTI Forecast + Options Trading Strategies   TTI  Tetra Technologies (0.0)


ROIV Forecast + Options Trading Strategies   ROIV  Roivant Sciences (0.01)


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (-0.01)


RMBS Forecast + Options Trading Strategies   RMBS  Rambus (0.01)



Anticorrelated Assets

Assets that tend to move strongly against NAT



TJX Forecast + Options Trading Strategies   TJX  TJX Companies (-0.83)


RKLB Forecast + Options Trading Strategies   RKLB  Rocket Lab USA (-0.83)


BK Forecast + Options Trading Strategies   BK  Bank Of New York Mellon (-0.84)


PL Forecast + Options Trading Strategies   PL  Planet Labs PBC - (-0.85)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.86)









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