CVX Forecast


Bullish Case: Chevron's recent recovery in operational efficiency and strategic investments position it well for growth, leveraging high oil prices and a stabilizing global market despite regulatory challenges.


Bearish Case: Ongoing legal and regulatory uncertainties, particularly concerning environmental practices and recent Supreme Court decisions, pose significant risks to Chevron's business model and market stability.


Potential Outcomes:

1) Regulatory environment stabilizes, allowing Chevron to grow (55%);

2) Continued legal headwinds hamper operations (30%);

3) Major policy changes disrupt market (15%).


Trading Oracle: Engage in short-term bullish debit spreads using the CVX August 2024 155.00 C options while the implied volatility remains elevated, focusing on upcoming earnings and market sentiment for further gains.


July 24, 2024


Chevron Forecast

CVX      Chevron











Correlated Assets

Assets that tend to move strongly with CVX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.75)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.1)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.05)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.05)



Uncorrelated Assets

Assets with little price relationship to CVX



VFC Forecast + Options Trading Strategies   VFC  VF (-0.05)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.05)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.1)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.75)



Anticorrelated Assets

Assets that tend to move strongly against CVX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.75)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.1)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.05)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.05)





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