CIVI Forecast + Trading Strategies


Bullish Case: Civitas is primed for growth with anticipated revenue surges and potential positive market sentiment from its recent acquisitions, positioning it to outperform expectations.


Bearish Case: Concerns around rising operational costs and market volatility may hinder Civitas's growth, leading to further price declines in a bearish oil environment.


Potential Outcomes:

1) Recovery to $75 (40% chance);

2) Stagnation between $67-$72 (30% chance);

3) Drop below $65 (30% chance) fueled by economic pressures.


Trading Oracle: Engage in a bullish call spread using CIVI 70.00C and 75.00C for August expiry, capitalizing on current market momentum and 30% market bullish edge. Favor a debit spread due to elevated implied volatility. Target price of $75.


July 25, 2024


Civitas Resources Inc New Forecast

CIVI      Civitas Resources Inc New











Correlated Assets

Assets that tend to move strongly with CIVI



OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.92)


CDLX Forecast + Options Trading Strategies   CDLX  Cardlytics (0.86)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.84)


EOG Forecast + Options Trading Strategies   EOG  EOG Resources (0.83)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.82)



Uncorrelated Assets

Assets with little price relationship to CIVI



LPLA Forecast + Options Trading Strategies   LPLA  LPL Financial (-0.0)


LUMN Forecast + Options Trading Strategies   LUMN  Lumen (0.0)


INCY Forecast + Options Trading Strategies   INCY  Incyte (0.0)


CINF Forecast + Options Trading Strategies   CINF  Cincinnati Financial (0.0)


CPA Forecast + Options Trading Strategies   CPA  Copa (0.0)



Anticorrelated Assets

Assets that tend to move strongly against CIVI



FL Forecast + Options Trading Strategies   FL  Foot Locker (-0.7)


FOUR Forecast + Options Trading Strategies   FOUR  Shift4 Payments (-0.7)


PRLB Forecast + Options Trading Strategies   PRLB  Proto Labs (-0.72)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.72)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.73)





Become a more profitable investor with AI optimized trading strategies






×

Chat with CIVI


 Ask any question about CIVI!