CRK Forecast + Trading Strategies


Bullish Case: Recent institutional investments, alongside potential strategic partnerships and operational efficiencies, support a bullish outlook for CRK.


Bearish Case: Weak gas prices, high volatility, and ongoing institutional selling create significant headwinds for CRK, suggesting potential continued price declines.


Potential Outcomes:

1. Continued institutional selling driving price decline (30%).

2. Modest gain from operational success (25%).

3. Volatile near-term trading due to market conditions (20%).

4. Market stabilization with neutral trading (15%).


Trading Oracle: Sell a bear call spread expiring ~84 days by selling $11.0 calls and buying $12.0 calls. There’s a bearish outlook, leveraging high implied volatility and favorable edge. Target a high probability of profit for risk-adjusted returns.


June 30, 2024


Comstock Resources Forecast

CRK      Comstock Resources











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Assets that tend to move strongly with CRK



EQT Forecast + Options Trading Strategies   EQT  EQT (0.89)


FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (0.83)


MCHI Forecast + Options Trading Strategies   MCHI  BTC iShares MSCI China (0.81)


APD Forecast + Options Trading Strategies   APD  Air Products & Chemicals (0.76)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (0.76)



Uncorrelated Assets

Assets with little price relationship to CRK



DOC Forecast + Options Trading Strategies   DOC  Physicians Realty (-0.0)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.0)


NWL Forecast + Options Trading Strategies   NWL  Newell Brands (0.0)


DCOM Forecast + Options Trading Strategies   DCOM  Dime Community Bancshares (0.0)


INVH Forecast + Options Trading Strategies   INVH  Invitation Homes (0.0)



Anticorrelated Assets

Assets that tend to move strongly against CRK



WDAY Forecast + Options Trading Strategies   WDAY  Workday (-0.84)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.85)


AFRM Forecast + Options Trading Strategies   AFRM  Affirm (-0.86)


KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.86)


S Forecast + Options Trading Strategies   S  Sprint (-0.88)





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