CNX Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: Recent strategic moves in natural gas and sustainability, combined with increased call option trading, suggest growth potential amidst ongoing energy transitions. Mean-reverting price action might support upward movements.




Bearish Case: High volatility and unpredictable market conditions, along with environmental concerns and regulatory risks, might lead to downside exposure, especially with notable price volatility and past underperformance.




Potential Outcomes:
  • 60% chance of strategic growth boosting CNX's value.
  • 30% risk of regulatory or environmental challenges impacting price.
  • 10% likelihood of unexpected geopolitical tensions affecting operations and sentiment.




Trading Oracle: Execute a bearish call credit spread using options expiring in 14 days. Sell 4 $30 calls, buy 5 $31 calls, targeting a 27% potential return with a positive edge, leveraging mean reversion and flat volatility trends.



February 08, 2025


CNX Resources Forecast

CNX        CNX Resources











Correlated Assets

Assets that tend to move strongly with CNX



TT Forecast + Options Trading Strategies   TT  Trane (0.95)


EVR Forecast + Options Trading Strategies   EVR  Evercore (0.95)


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (0.94)


BCS Forecast + Options Trading Strategies   BCS  Barclays (0.94)


CRS Forecast + Options Trading Strategies   CRS  Carpenter Technology (0.94)



Uncorrelated Assets

Assets with little price relationship to CNX



SKYT Forecast + Options Trading Strategies   SKYT  SkyWater Technology (0.0)


CMC Forecast + Options Trading Strategies   CMC  Commercial Metals (0.01)


MPWR Forecast + Options Trading Strategies   MPWR  Monolithic Power System (-0.01)


MFA Forecast + Options Trading Strategies   MFA  MFA Financial (-0.02)


BHVN Forecast + Options Trading Strategies   BHVN  Biohaven Pharmaceutical (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against CNX



LEA Forecast + Options Trading Strategies   LEA  Lear (-0.89)


EL Forecast + Options Trading Strategies   EL  Estee Lauder Cos. (-0.9)


XRX Forecast + Options Trading Strategies   XRX  Xerox (-0.9)


COTY Forecast + Options Trading Strategies   COTY  Coty (-0.91)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)









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