BP Forecast



Bearish<—>Bullish



80% Confidence




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%).




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December 27, 2024


BP Forecast

BP        BP











Correlated Assets

Assets that tend to move strongly with BP



LYB Forecast + Options Trading Strategies   LYB  LyondellBasell Industries (0.92)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (0.89)


PSX Forecast + Options Trading Strategies   PSX  Phillips 66 (0.89)


EL Forecast + Options Trading Strategies   EL  Estee Lauder Cos. (0.89)


RIG Forecast + Options Trading Strategies   RIG  Transocean (0.85)



Uncorrelated Assets

Assets with little price relationship to BP



PLBY Forecast + Options Trading Strategies   PLBY  PLBY (-0.0)


SCHW Forecast + Options Trading Strategies   SCHW  Charles Schwab (-0.01)


HCC Forecast + Options Trading Strategies   HCC  Warrior Met Coal (0.02)


UWMC Forecast + Options Trading Strategies   UWMC  UWM Holdings Corporation (0.02)


GTLB Forecast + Options Trading Strategies   GTLB  Gitlab (-0.03)



Anticorrelated Assets

Assets that tend to move strongly against BP



CLPT Forecast + Options Trading Strategies   CLPT  ClearPoint Neuro (-0.85)


INFY Forecast + Options Trading Strategies   INFY  Infosys (-0.86)


CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.89)


COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.89)


CWAN Forecast + Options Trading Strategies   CWAN  Clearwater Analytics Holdings (-0.93)









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