BP Forecast




Price Forecast:




80% Confidence

Bearish<->Bullish




Bullish Case: BP’s steady transition towards renewables and favorable trading sentiment, coupled with increased options activity in calls over puts, indicate potential upward momentum.




Bearish Case: Legal challenges related to alleged involvement in controversial geopolitical issues, combined with high volatility and backwardation, could threaten downward pressure.




Potential Outcomes:

1) Legal challenges cause price drop (35%).

2) Renewables transition gains traction, boosting stock (40%).

3) Political influences cause price fluctuation (25%).




Trading Oracle: Exploit BP’s backwardation by setting up bullish debit spreads. Buy $29.00 calls and sell $30.00 calls short-term (3 months) to capture upside potential. High volume skew towards calls supports bullish stance. Monitor geopolitical news closely.



December 27, 2024


BP Forecast

BP        BP











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