CHX Forecast


Bullish Case: ChampionX's new tech center capitalizes on cutting-edge innovations. Recent acquisitions integrate efficiently, boosting market presence


Bearish Case: Customer delays and weakened industry indicators could dampen earnings. Acquisition integration issues might lead to operational inefficiencies


Potential Outcomes: 25% strong tech advancements; 15% seamless acquisition; 25% customer delays; 20% industry challenges; 15% unexpected market shifts


Trading Oracle: Initiate a bull put spread targeting 30-35 strike prices, expiration within 40-60 days given backwardation. Leveraging lower IV and mean reversion trend. High reward:risk


June 30, 2024


ChampionX Forecast

CHX      ChampionX











Correlated Assets

Assets that tend to move strongly with CHX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.13)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.04)


VFC Forecast + Options Trading Strategies   VFC  VF (0.0)



Uncorrelated Assets

Assets with little price relationship to CHX



VFC Forecast + Options Trading Strategies   VFC  VF (0.0)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.04)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.13)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.78)



Anticorrelated Assets

Assets that tend to move strongly against CHX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.13)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.04)


VFC Forecast + Options Trading Strategies   VFC  VF (0.0)





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