CLB Forecast


Bullish Case: Recent trends show higher call volumes and decreasing market uncertainty. If fundamental growth and demand trends align, CLB's recovery could signify a significant price rise, leveraging positive market sentiment.


Bearish Case: CLB's high P/B ratio and sluggish price action indicate potential overvaluation. Market volatility and economic instability could exacerbate downward pressure, leading to further declines in stock performance.


Potential Outcomes:

1. Price stabilization (40% chance) as market corrects.

2. Positive industry shift (30% chance) boosting demand.

3. Continued downturn due to economic pressures (30% chance).


Trading Oracle: Consider bullish debit spreads with CLB 25.00 calls for August 2024. Implied volatility is elevated, suggesting potential for upward movement. Target a $1 profit on dips while hedging against extreme downside risk in volatile markets.


July 24, 2024


Core Laboratories Forecast

CLB      Core Laboratories











Correlated Assets

Assets that tend to move strongly with CLB



VFC Forecast + Options Trading Strategies   VFC  VF (0.43)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.33)


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


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.45)



Uncorrelated Assets

Assets with little price relationship to CLB



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


LI Forecast + Options Trading Strategies   LI  Li Auto (0.33)


VFC Forecast + Options Trading Strategies   VFC  VF (0.43)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.45)



Anticorrelated Assets

Assets that tend to move strongly against CLB



VFC Forecast + Options Trading Strategies   VFC  VF (0.43)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.33)


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


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.45)





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