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CRK Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Strong operational momentum in the Haynesville region and expected bullish earnings could drive share price above $18, benefiting from technical support levels and high options call volumes.



Bearish Case: Institutional selling pressures and missed earnings forecasts could weigh down shares, potentially dropping CRK below $14, risking further decline amid high implied volatility.



Potential Outcomes:
  • 25% chance of continued volatility leading to a price drop below $14.
  • 30% chance of recovery targeting $18-$20 riding on gas price rebound.
  • 20% chance of stabilization near current levels ($15.42).
  • 25% chance for a downtrend influenced by institutional sell-offs.



Trading Oracle: Adopt a bullish strategy with a long call spread: buy 1 $16 call and sell 1 $18 call. Anticipate a price rise post-earnings reports, maximizing profit with low risk. Adjust position with high volume on calls and rising implied volatility, maintaining targeted exposure until February 2025.


November 28, 2024


Comstock Resources Forecast

CRK        Comstock Resources

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Correlated Assets

Assets that tend to move strongly with CRK


FUTU Forecast + Options Trading Strategies   FUTU  Futu (0.92)


NRG Forecast + Options Trading Strategies   NRG  NRG Energy (0.91)


MCHI Forecast + Options Trading Strategies   MCHI  BTC iShares MSCI China (0.91)


HSBC Forecast + Options Trading Strategies   HSBC  HSBC (0.9)


AA Forecast + Options Trading Strategies   AA  Alcoa (0.89)



Uncorrelated Assets

Assets with little price relationship to CRK


CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.0)


ARR Forecast + Options Trading Strategies   ARR  ARMOUR Residential REIT (0.0)


TMO Forecast + Options Trading Strategies   TMO  Thermo Fisher Scientific (-0.0)


CLSK Forecast + Options Trading Strategies   CLSK  Cleanspark (-0.0)


UCTT Forecast + Options Trading Strategies   UCTT  Ultra Clean Hldgs (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against CRK


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.81)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.82)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.83)


TWI Forecast + Options Trading Strategies   TWI  Titan International (-0.83)







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