CCO Forecast


Bullish Case: CCO's continuous revenue growth, strategic focus on high-margin U.S. markets, and insider confidence, supported by an uptick in advertising spend, signal potential strong future performance.


Bearish Case: Persistent operational setbacks, negative price-to-book ratio, high debt, and mean-reverting price action, combined with high volatility and recent market skepticism, suggest potential for further declines.


Potential Outcomes:

1. Digital ad growth boosting stock (45%).

2. Market's unfavorable view persists (25%).

3. Strategic divestments succeed, driving profitability (15%).

4. Operational setbacks cause further drops (15%).


Trading Oracle: Execute long debit spreads targeting short-term upside using Dec 20 2024 2.00 Calls. High implied volatility and moderate delta imply high reward:risk. Capitalize on potential strategic gains and digital growth indicators. Mean-reverting nature supports a bullish but cautious short-term strategy.


July 18, 2024


Clear Channel Outdoor Forecast

CCO      Clear Channel Outdoor











Correlated Assets

Assets that tend to move strongly with CCO



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.3)


VFC Forecast + Options Trading Strategies   VFC  VF (0.12)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.02)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.17)



Uncorrelated Assets

Assets with little price relationship to CCO



LI Forecast + Options Trading Strategies   LI  Li Auto (-0.02)


VFC Forecast + Options Trading Strategies   VFC  VF (0.12)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.17)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.3)



Anticorrelated Assets

Assets that tend to move strongly against CCO



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.3)


VFC Forecast + Options Trading Strategies   VFC  VF (0.12)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.02)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.17)





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